Will also offer more CPSEs for strategic participation by the private sector
With Jet Airways, one of its key competitors among FSCs closing operations, there are several upsides that should make Air India more attractive for strategic investors than it was earlier
Jayant Sinha says govt working on a package to revive carrier
The proposed strategic stake sale of debt-laden Air India failed to take off in May and the government is now working on ways to revive the fortunes of the airline
The government is also working on ways to improve the performance of Air India
RN Choubey, secretary, Civil Aviation, said the disinvestment plan would be taken up once the conditions were favourable
Prime Minister has given his in-principle approval for the proposed sale of Air India's iconic building to JNPT
While Sinha did not disclose a figure, sources say the govt is likely to infuse Rs 32 bn
Those spearheading the Air India stake sale have put the blame on advisors and dealmakers for failing to attract potential bidders
The remark was made a month before the release of the information memorandum for sale of the government's 76 per cent stake in Air India
The 11 unions -- that represent more than 10,000 employees of Air India group -- are vehemently opposing the proposal to sell 76 per cent government stake in Air India
Indian civil aviation market resembles a vegetable market and both have similar ailments
She said the BJP-led Centre was trying to sell the country.
We are hopeful that in the next six-eight months we will be able to find a winning bidder for Air India: Sinha
Air India has a debt of more than Rs 52,000 crore and is surviving on a Rs 30,000 crore bailout package extended by the erstwhile UPA government in 2012
Only IndiGo has shown interest so far; potential bidders find the labour force too big
Official sources said the discussions would continue and nothing concrete has been finalised by the panel
The airline said that the guarantee is expected shortly, and will be valid for a period of one year or until the date of disinvestment
AI's interim CMD Rajiv Bansal and senior officials from the airline as well as the civil aviation
NITI Aayog said further support to an unviable company would not be best use of scarce finances