Air India-stake-sale

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Air India-stake-sale - Total results - 47
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: Govt extends deadline to bid for cash-strapped national carrier by two months till 30 June
Business

Air India sale: Govt extends deadline to bid for cash-strapped national carrier by two months till 30 June

The government has extended the deadline to bid for Air India by two months till 30 June, as the COVID-19 fallout has disrupted economic activity globally

Coronavirus Outbreak: Govt may further extend 30 April deadline to bid for Air India stake sale
Business

Coronavirus Outbreak: Govt may further extend 30 April deadline to bid for Air India stake sale

The government is likely to extend the 30 April deadline to bid for Air India as the COVID-19 fallout has disrupted economic activities globally, an official has said

Air India sale: Govt extends deadline to bid for cash-strapped national carrier till 30 April
Business

Air India sale: Govt extends deadline to bid for cash-strapped national carrier till 30 April

The government on Friday extended the deadline for submitting bids for buying 100 percent stake in Air India till 30 April

Air India stake sale: Govt may extend deadline for submitting bids for debt-laden national carrier
Business

Air India stake sale: Govt may extend deadline for submitting bids for debt-laden national carrier

The government is likely to extend the 17 March deadline for submitting bids to buy 100 percent stake in Air India and the Home Minister led inter-ministerial panel will later this week decide on the new date

Air India stake sale: Adani Group mulls bidding for ailing national carrier; scrutinises bid documents
Business

Air India stake sale: Adani Group mulls bidding for ailing national carrier; scrutinises bid documents

Billionaire Gautam Adani's energy and infrastructure conglomerate is considering bidding to buy Air India and is pouring into bid documents before finalising a plan, sources said

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 stake sale: Tata Sons chief N Chandrasekaran say it's too early to take a call on bid for national airline
Business

Air India stake sale: Tata Sons chief N Chandrasekaran say it's too early to take a call on bid for national airline

The Central government last month issued a preliminary information memorandum (PIM), initiating the process to divest its entire stake in Air India

Air India sale: Emirates not interested in buying stake in national carrier, says report; Dubai-based airline focused on organic growth
Business

Air India sale: Emirates not interested in buying stake in national carrier, says report; Dubai-based airline focused on organic growth

In 2018, the government had tried to sell a 76 percent stake in Air India and offload about $5.1 billion of its debt, terms that potential buyers at the time viewed as too onerous.

Air India sale: Govt's proposed deal to sell national airline sweeter than expected; buyer can recover investment, say analysts
Business

Air India sale: Govt's proposed deal to sell national airline sweeter than expected; buyer can recover investment, say analysts

Given the number of aircraft owned by Air India and its low-cost subsidiary Air India Express, a buyer can recover a major portion of the investment by adopting sale and lease back of airplanes

Air India sale: Govt to sell 100% stake in national carrier with 17 March deadline for EoI submissions; all eyes on suitors
Business

Air India sale: Govt to sell 100% stake in national carrier with 17 March deadline for EoI submissions; all eyes on suitors

While many industry veterans are bullish on investor interest for Air India, some of the sector experts said that it may not be easy given the current business environment globally.

Air India trade unions to demand VRS package in second meeting with Hardeep Singh Puri today
Business

Air India trade unions to demand VRS package in second meeting with Hardeep Singh Puri today

Air India's net loss in 2018-19 was around Rs 8,556 crore. Moreover, its per day losses are estimated to be in the range of Rs 20-26 crore, along with a debt of around Rs 80,000 crore

Air India stake sale: Govt likely to float bids next month; some entities express interest in national carrier
Business

Air India stake sale: Govt likely to float bids next month; some entities express interest in national carrier

Air India is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.

Air India stake sale: Govt on 'wait and watch' mode for next three-four months, says union minister Nitin Gadkari
Business

Air India stake sale: Govt on 'wait and watch' mode for next three-four months, says union minister Nitin Gadkari

The government's proposed stake sale in Air India failed to attract any initial bidder when the deadline for bidding ended on 31 May

Air India flop show: Govt puts off sale plan, will pump money instead; national carrier might target IPO
Business

Air India flop show: Govt puts off sale plan, will pump money instead; national carrier might target IPO

Air India will very soon get funds from the government for its day to day operations and will even place orders for a couple of aircraft, a govt official said

Air India flop show: An IPO of the white elephant is out of question; govt better revise terms of sale to attract bidders
Business

Air India flop show: An IPO of the white elephant is out of question; govt better revise terms of sale to attract bidders

SEBI rule state that a company has to log profits for three preceding years before going public. Air India hasn’t made any profit for over a decade

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.