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Air India likely to be handed over to Tata Group on 27 January, says senior official
India

Air India likely to be handed over to Tata Group on 27 January, says senior official

Talace Pvt Ltd, a wholly owned subsidiary of Tata Sons Pvt Ltd, last year won the bid to acquire 100 per cent equity shareholding of Government of India in Air India

Air India privatisation: Govt permits NRIs to own up to 100% stake in ailing national carrier; measure not in violation of SOEC norms
Business

Air India privatisation: Govt permits NRIs to own up to 100% stake in ailing national carrier; measure not in violation of SOEC norms

Allowing 100 percent investment by NRIs in the crisis-hit Air India would also not be in violation of Substantial Ownership and Effective Control (SOEC) norms.

What an Air India buyer will get: Debt, old aircraft, little-used Star Alliance creds and lots of extra employees
Business

What an Air India buyer will get: Debt, old aircraft, little-used Star Alliance creds and lots of extra employees

Only recently has Air India moved to the sale and leaseback model with their Boeing 787 purchases, and Air India’s newest A320neo aircraft, all 27 of them are on a lease.

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

Air India divestment: Amit Shah-led GoM's second meeting on national carrier sale likely today
Business

Air India divestment: Amit Shah-led GoM's second meeting on national carrier sale likely today

Apart from Amit Shah, it was also attended by Finance Minister Nirmala Sitharaman, Commerce and Railway Minister Piyush Goyal and Civil Aviation Minister Hardeep Singh Puri

Air India posts highest-ever net loss of Rs 8,556 cr in 2018-19; receives Rs 30,520-cr equity infusion from FY'12
Business

Air India posts highest-ever net loss of Rs 8,556 cr in 2018-19; receives Rs 30,520-cr equity infusion from FY'12

Puri said that the crisis-hit Air India has received an equity infusion of Rs 30,520.21 crore from financial year 2011-12 till date.

Air India sale: Aviation think tank Capa expects participation from global airlines for national carrier
Business

Air India sale: Aviation think tank Capa expects participation from global airlines for national carrier

Air India represents an attractive opportunity for investors if it is relieved of its working capital debt, which stands around Rs 30,000 crore

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.

Air India divestment: Govt unsure if it can sell the ailing carrier; civil aviation secretary RN Choubey's take a case of sour grapes?
Business

Air India divestment: Govt unsure if it can sell the ailing carrier; civil aviation secretary RN Choubey's take a case of sour grapes?

A non-airline company, with no experience in running an airline, can also place a bid for Air India. This shows all that is wrong with the divestment.

Air India disinvestment: Govt moves deadline to receive bids to 31 May as it struggles to find suitor for 'Maharaja'
Business

Air India disinvestment: Govt moves deadline to receive bids to 31 May as it struggles to find suitor for 'Maharaja'

The government on Tuesday extended the deadline for submission of 'Expression of Interest' (EoI) bids under Air India's divestment process to 31 May, 2018

Air India disinvestment: Govt may allow holding company structure for carrier; won't permit merger with other brands initially
Business

Air India disinvestment: Govt may allow holding company structure for carrier; won't permit merger with other brands initially

Government has reportedly decided to allow holding company structure for debt-laden Air India and it believes that the move will attract suitors

Air India should be owned by an Indian player who can run it efficiently, says RSS chief Mohan Bhagwat
Business

Air India should be owned by an Indian player who can run it efficiently, says RSS chief Mohan Bhagwat

Cautioning the government against "losing control and ownership of its skies", Bhagwat said Air India's operations have not been managed properly.

Air India employee unions take to social media to protest against disinvestment plan
Business

Air India employee unions take to social media to protest against disinvestment plan

Worried over possible job losses post disinvestment, as many as 11 Air India unions representing more than 10,000 employees have taken to Twitter, YouTube, Instagram and Facebook to protest against the stake sale plan.

Air India privatisation: IndiGo sole domestic carrier eligible to table solo bid for ailing airline
Business

Air India privatisation: IndiGo sole domestic carrier eligible to table solo bid for ailing airline

However, IndiGo, the first to express an interest in acquiring national carrier Air India, will have to meet some conditions when it puts down a solo bid.

Govt bites the bullet on Air India, but high debt, other bid conditions could make disinvestment a bumpy ride
Business

Govt bites the bullet on Air India, but high debt, other bid conditions could make disinvestment a bumpy ride

Keeping over Rs 33,000 crore debt on the books of the two airlines on offer could be the biggest hurdle to this stake sale.

Air India privatisation: Parliamentary panel suggests plan review, says carrier should be given five years for revival
Business

Air India privatisation: Parliamentary panel suggests plan review, says carrier should be given five years for revival

The Parliamentary Standing Committee on Transport, Tourism and Culture concluded that the government should review its decision to privatise or disinvest Air India and explore the possibility of "an alternative to disinvestment of our national carrier which is our national pride"

Air India disinvestment: Beyond excitement, lies the uphill task of accessing assets, keeping it lucrative for buyers
Business

Air India disinvestment: Beyond excitement, lies the uphill task of accessing assets, keeping it lucrative for buyers

Beyond the in-principle approval, what the government of India needs the most is to conduct a hard-nosed assessment of Air India’s assets versus liabilities, and a workable proposal which makes the airline attractive to any prospective buyer