Page 2 - Air India Disinvestment

If I was not a minister today, would be bidding for Air India: Piyush Goyal

Air India has been in the red for long and the government is now in the process of finalising the contours for its disinvestment

Govt eyeing asset monetisation to make up for the disinvestment gap

Disinvestment in blue chip Bharat Petroleum Corporation (BPCL) is in all surety not happening this year, as also Air India sale

Air India unions may demand VRS in meeting with Hardeep Singh Puri today

The government is planning to float Expression of Interest (EoI) for selling its entire 100 per cent stake in the loss-making flag carrier some time next week.

Air India operations will continue uninterrupted, says aviation ministry

Air India has been facing a cash shortfall of over Rs 200 crore each month despite an increase in revenue

Will have to privatise Air India, need your cooperation: Puri to unions

At a meeting with some 13 Air India unions in Delhi, Puri also said that the government was trying to address the concerns of the employees regarding issues such as job protection post privatisation

Without buyer, Air India might be forced to shut down by Jun 2020: official

Amid continuing uncertainty over the fate of the national carrier, the official said there is also need for funds to restart operations of 12 grounded narrow-body planes

Post Centre's guarantee, Air India pays November allowances to 1600 pilots

Air India has around 1,600 pilots and all of them have received the payment, he said

Air India stops issuing tickets on credit to govt bodies owing over Rs 1 mn

In total, these government agencies owe around Rs 268 crore to the national carrier, he said, adding that "around Rs 50 crore has been recovered from these agencies by the airline"

Govt likely to invite bids for stake sale in Air India, BPCL by next month

Last month, the Cabinet had approved a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control

Air India may not be able to sustain operations, CMD Lohani tells Centre

Air India is seeking government approval to raise a Rs 2,000-crore loan and refinance $819-million aircraft debt, which would help tide over the financial crisis

Govt working on Air India's debt issue to make it more attractive to buyers

The second and the most important learning of the bid process was regarding Air India's accumulated huge amount of debt, which was retained by saleable part of the airline

November pain: Air India's domestic market share falls to lowest in 2019

The government's refusal to inject money into national carrier Air India shows in its declining market share.

Air India has received Rs 30,520-cr equity infusion since FY12, says govt

To prepare for the disinvestment, the government is implementing a strategic plan

Government considers easing foreign control rule to aid Air India sale

The rule mandates that control of an airline always remain in Indian hands, one of several reasons global firms have been wary of bidding for Air India Ltd

Air India sale: Investor outreach on, meeting potential bidders, says Puri

Air India disinvestment: Making forward movement, seeking potential investors: Puri

We share your concerns over divestment: Air India chief to employees

He said it is natural that many employees would be concerned about the future in light of the disinvestment scenario as any change in ownership brings about changes in the work culture and environment

Air India stake sale: Roadshows likely soon in Singapore and London

Dipam, civil aviation ministry, EY, AI officials to conduct roadshows

Air India stake sale: Buyer to get only Rs 10,000 crore of airline debt

This is a third of Rs 33,992 crore debt that was to be passed on to the new owner during last year's failed disinvestment process

Govt comes closer to fully exiting Air India, reaches out to investors

This will be the government's third attempt to sell the debt-laden national airline

Govt likely to set October deadline for cash-strapped Air India sale

The Centre is planning to liberalise the terms and conditions for the sale of Air India