Page 5 - Air India Privatisation

Air India employees' interest will be protected, says Hardeep Singh Puri

The interest of Air India employees will be safeguarded in accordance with the guidance of the Department of Investment and Public Asset Management, Puri said

Tata's airline dilemma

A Tata takeover of Air India is being seen as the best outcome for all concerned

Govt won't disclose names of Air India bidders after DIPAM's rule change

Under earlier protocol, had to inform qualified bidders by Jan 5; alteration came into effect after Transaction Adviser EY said it did not want any deadline

Second phase of Air India disinvestment to start from January 5

The second phase of the strategic disinvestment of Air India will start on January 5, 2021 with the announcement of the names of the qualified bidders

Air India employees seek status quo on benefits post privatisation

Air India pilots' associations has asked its members to maintain the printed weekly offs and not to change them

Air India staff protest pay cut, demand arrears ahead of privatisation

Unions ask pilots not to undertake extra duties, AIEU seeks with aviation minister on leave encashment, continuation of medical benefits, among other things

Employees seek extension of benefits in case of Air India privatisation

Air India Employees Union has asked for a meeting with Civil Aviation Minister Hardeep Puri

A swayamvar and a high-maintenance bride

The analogy of Sita's swayamvar seems to work perfectly for the sale of Air India

Air India's new owner may be allowed to trim fleet size, lay off staff

Since the skies are far from clear, the new owner will also be allowed to lay off employees, given their requirement will shrink with the reduction in the fleet size, said officials in the know

Beyond Headlines: Govt must invest in small-gestation projects to expedite recovery

Many think that the Narendra Modi government has spent a lot this year, especially to mitigate issues faced by people in the wake of the coronavirus pandemic. But has it? It’s true that the government has announced stimulus packages to the tune of Rs 30 trillion. But if one were to make a comparison, the govt expenditure this year (till October-end) was roughly the same as last year. Given that expenditure was budgeted to be 13 per cent more this year, it is expected that the finance minister will spend more to expedite economic recovery. But where should she spend? Infrastructure, many say. Yes, of course the government should spend on infrastructure, but will that yield immediate benefits? Watch the video to learn more >

Beyond Air India

The airline's privatisation should just be the beginning

Employees who submitted EOI should not handle policy issues: Air India

A group of Air India employees who have submitted an expression of interest (EOI) for the carrier should only do day-to-day work, according to an official order

Interups says it has Rs 13,500 cr ready for Air India, can invest billions

US based firm has $28 mn market cap, has already bid for several bankrupt firms in India such as Lavasa Corp, Asian Colour Coated Steel and Reliance Naval

With Air India bid, Tatas hope to give wings to their aviation dream

Over the past three decades, the group made unsuccessful attempts to get back into the commercial aviation business

Tatas, US-based fund Interups among bidders for debt-laden Air India

The latter's bid is made in partnership with a group of airline employees

Tata Sons among multiple bidders to buy national carrier Air India

An official said transaction advisor will inform bidders before January 6, if their bids have been qualified

Tata Sons likely to submit bid for Air India before Monday deadline: Report

A successful bidder would win control of Air India's 4,400 domestic and 1,800 international landing and parking slots at domestic airports, as well as 900 slots at airports overseas

Top headlines: Employees bid for Air India, WPI inflation rises in Nov

Business Standard brings you top news of the evening

Maharajah's airs and graces

Air India should be a little more sensitive to passenger reactions, civilised travelling norms and the need to give value for money charged

Govt working on letting Air India bidders decide on debt, says DIPAM Secy

The potential investors in Air India have given feedback that due to the uncertainty created by COVID-19 in the aviation sector the debt should not be fixed at the Expression of Interest (EoI) stage,