Page 3 - Air India Privatisation

Ministries, PSUs, govt depts owe more than Rs 600 crore to Air India

Airline is owed Rs 1,500 crore for tickets: mainly for flying VVIPs, ministers, foreign dignitaries and evacuation operations.

Govt signs share purchase agreement with Tata Sons for Rs 18,000-cr AI deal

The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18,000 crore

BPCL privatisation faces bigger obstacles than Air India sale. Here's why

BPCL privatisation faces bigger obstacles than Air India sale. Here's why

Temper expectations from privatisation trade, say analysts

The brokerage says listed PSUs face several challenges and continued government ownership may weigh on their performance

After AI, govt to disinvest BPCL, float LIC IPO by last quarter of FY22

Following the successful completion of Air India disinvestment, govt expects to carry out the divestment of BPCL in the current financial year

After Air India privatisation, aviation set to be 2nd most concentrated mkt

The top two players will control 80% of industry revenue

Tata Sons' board takes stock of Air India acquisition

The company will be raising around Rs 15,000 crore as debt from banks to fund Air India acquisition

Air India sale kicks off privatisation drive, next up LIC listing: Official

Tuhin Kanta Pandey, spearheading the drive to sell state enterprises or shut them down, said the government hoped to complete the valuation exercise of LIC by November-December

Air India sale: Modi govt's first privatisation in 7 years; what next?

With the successful sale of Air India to the Tata group, Prime Minister Narendra Modi's government has restarted the long-stalled privatisation programme. Can it do a Vajpayee? Watch this report.

Work to monetise Alliance Air, 3 other AI subsidiaries to start: DIPAM Secy

After AI privatisation, government will now start work on monetising its four other subsidiaries, including Alliance Air, and over Rs 14,700 crore worth non-core assets DIPAM Secy Tuhin Kanta Pandey

Air India: How the government got rid of the albatross around its neck

Air India's sale process will be used as a case study for future asset sale and privatisation bids

Top headlines: Tatas back in the Air India cockpit, TCS PAT rises 14% in Q2

Along with the brand and the slots of the debt-ridden state-owned airline, the Tatas will get the low-cost subsidiary Air India Express and a 50 per cent stake in ground handling firm AISATS.

Air India returns to Tatas after group puts in winning bid of Rs 18,000 cr

Airline will return to Tatas after 68 years; first privatisation move in two decades

Air India to boost Tatas' aviation ambitions

The acquisition will give the Tatas a firm footing on international routes and generate economies of scale

Full circle: AI returns to Tatas who have to revive a much-diminished brand

The Tatas have their work cut out in restoring customer trust and much, much more

Tata Sons wins bid: Air India may see turnaround as debt eases by 75%

Air India reported an operating profit of Rs 1,787 crore in FY20 on a consolidated basis but reported a net loss of Rs 7427 crore due to interest and depreciation costs

Govt begins Air India bid evaluation from Tata Group, SpiceJet founder

The government has begun evaluation of financial bids received from Tata Group and SpiceJet founder for the acquisition of Air India, sources said.

Tata likely to emerge victorious for Air India, says former director

Tata Sons Ltd., the group holding company that controls Jaguar Land Rover and owns a majority stake in AirAsia India, submitted a bid for Air India earlier this month

Top headlines: SBI likes Tata Air India bid; markets sweat over Evergrande

McLeod Russel India, the country's largest tea producer, bubbles out of insolvency. Metal stocks crash over fears about China's Evergrande. More in top headlines of the day

State Bank of India prepared to support Tata group's bid for Air India

Holding company's 'AAA' rating will make it a formidable player: Bankers