Air India-sale

Showing of 1 - 20 from 38 results
Air India-sale - Total results - 38
Coronavirus Outbreak: Air India unions challenge airline's decision to slash allowances by 10% in Mumbai High Court
Business

Coronavirus Outbreak: Air India unions challenge airline's decision to slash allowances by 10% in Mumbai High Court

Air India employee unions have moved the Bombay High Court against the airline's decision to slash allowances, which form a major part of the salary, by ten percent because of the impact of the coronavirus pandemic

Coronavirus Lockdown: Air India pilot unions urge govt to provide financial support to clear wage backlog
Business

Coronavirus Lockdown: Air India pilot unions urge govt to provide financial support to clear wage backlog

Air India's pilot unions IPG and ICPA has urged Civil Aviation Minister Hardeep Singh Puri to "urgently" provide financial support to the national carrier amid private airlines' cry for a bailout package in the wake of the COVID-19 outbreak

Air India divestment process looks very uncertain due to COVID-19 crisis, says CRISIL
Business

Air India divestment process looks very uncertain due to COVID-19 crisis, says CRISIL

The disinvestment process for national carrier Air India looks "very uncertain" in the wake of the coronavirus pandemic that has impacted the aviation sector the most globally, according to rating agency CRISIL

Air India sale: DPIIT notifies decision to permit NRIs to own up to 100% stake in cash-strapped national carrier
Business

Air India sale: DPIIT notifies decision to permit NRIs to own up to 100% stake in cash-strapped national carrier

The Department for Promotion of Industry and Internal Trade (DPIIT) has notified a decision of the union cabinet to allow non-resident Indians (NRIs) to control up to 100 percent stake in disinvestment-bound Air India

Govt needs to infuse Rs 3,000 cr in Air India to ensure continuity of operations as sale process to get delayed: CAPA
Business

Govt needs to infuse Rs 3,000 cr in Air India to ensure continuity of operations as sale process to get delayed: CAPA

The government's plan to privatise flag carrier Air India will be further delayed and it will have to infuse up to Rs 3,000 crore to ensure continuity of operations till the sale process gets over, the Centre for Pacific Aviation (CAPA) said on Wednesday

Air India disinvestment process going on 'extremely well'; govt may extend initial bids deadline: Aviation minister Hardeep Singh Puri
Business

Air India disinvestment process going on 'extremely well'; govt may extend initial bids deadline: Aviation minister Hardeep Singh Puri

Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be extended even as he emphasised that the disinvestment process is going on "extremely well"

Air India privatisation: Govt extends time till 6 March for bidders to pose queries on stake sale in national carrier
Business

Air India privatisation: Govt extends time till 6 March for bidders to pose queries on stake sale in national carrier

The government has extended the time till 6 March for bidders to pose additional queries regarding sale of its 100 percent stake in Air India

Air India Express expects over Rs 5,000 cr operating revenue in current fiscal, says CEO K Shyam Sundar
Business

Air India Express expects over Rs 5,000 cr operating revenue in current fiscal, says CEO K Shyam Sundar

Air India Express, which is up for sale along with parent Air India, on Thursday said it expects to cross Rs 5,000 crore in operating revenue this fiscal aided by higher aircraft utilisation, better yields and lower fuel expenses

Air India sale: Ownership change can't undo legacy of national carrier, says chairman and MD Ashwani Lohani
Business

Air India sale: Ownership change can't undo legacy of national carrier, says chairman and MD Ashwani Lohani

Air India chief Ashwani Lohani on Wednesday said the national carrier's legacy will remain intact even if the ownership changes hands

Buyers of Air India, BPCL not to get free hand to shed excess staff: DIPAM secretary Tuhin Kanta Pandey
Business

Buyers of Air India, BPCL not to get free hand to shed excess staff: DIPAM secretary Tuhin Kanta Pandey

Buyers of loss-making airline Air India and oil firm Bharat Petroleum Corporation Ltd (BPCL) will not get a free hand to shed excess workforce as the government will build in certain protection to employees in the share sale agreement, DIPAM Secretary Tuhin Kanta Pandey said

Air India sale: RSS-affiliate Bharatiya Mazdoor Sangh opposes privatisation of national carrier, asks govt to revisit decision
Business

Air India sale: RSS-affiliate Bharatiya Mazdoor Sangh opposes privatisation of national carrier, asks govt to revisit decision

RSS-affiliate Bharatiya Mazdoor Sangh (BMS) on Tuesday opposed Air India sale, and urged the government to think over this decision

Air India privatisation: Govt approves EoI, share purchase agreement for national carrier's sale
Business

Air India privatisation: Govt approves EoI, share purchase agreement for national carrier's sale

A Group of Ministers (GoM) headed by Union Home Minister Amit Shah on Tuesday approved the Expression of Interest (EoI) as well as the share purchase agreement for Air India's privatisation, a senior government official said

Debt-laden Air India freezes promotions, new appointments amid stake sale preparations
Business

Debt-laden Air India freezes promotions, new appointments amid stake sale preparations

Air India has stopped giving promotions for its employees and recruiting new personnel as the government prepares for the disinvestment of the debt-laden airline, an official said on Sunday

Air India sale: Home Minister Amit Shah to head ministerial panel on disinvestment of national carrier
Business

Air India sale: Home Minister Amit Shah to head ministerial panel on disinvestment of national carrier

Home Minister Amit Shah will head a reconstituted group of ministers (GoM) on Air India disinvestment and Road Transport Minister Nitin Gadkari has been dropped from the panel, sources said

Air India sale: Finance Ministry to prepare fresh proposal for cash-strapped national carrier
Business

Air India sale: Finance Ministry to prepare fresh proposal for cash-strapped national carrier

The Finance Ministry is preparing a fresh proposal for sale of Air India, incorporating issues like crude oil prices and exchange rate volatility, flagged by EY last year on possible reasons of the government failing to attract bidders for the national carrier

Air India's balance sheet is splashed with red ink; if the govt won't sell the ailing carrier, it has to bear the cross
Business

Air India's balance sheet is splashed with red ink; if the govt won't sell the ailing carrier, it has to bear the cross

Air India has logged losses for over a decade, has a debt of over Rs 50,000 crore and faces stiff competition from private airlines. What should the government's focus be?

P Chidambaram says Centre totally confused on Air India assets sale, should sort out its mind
India

P Chidambaram says Centre totally confused on Air India assets sale, should sort out its mind

Senior Congress leader P Chidambaram on Monday alleged that the government was "totally confused" on the Air India assets sale and asked it to "sort out its mind" before attempting to tackle the problem.

Air India stake sale: Why the failed first attempt at the carrier's disinvestment could cost the Narendra Modi govt dear
Business

Air India stake sale: Why the failed first attempt at the carrier's disinvestment could cost the Narendra Modi govt dear

The AISAM must be allowed to relax the Air India bid conditions substantially. Else, the carrier will continue to feed on taxpayer funds.

Air India's failed stake sale: Government now has another shot at setting things right at the ailing national carrier
Business

Air India's failed stake sale: Government now has another shot at setting things right at the ailing national carrier

The government must ensure that Air India focuses on its core competency to turn around, and could plan for an IPO in three to four years.