Page 6 - Air India Privatisation

Air India privatisation: Govt to ease bidding norms to attract buyers

Govt set to allow prospective suitors to bid on enterprise value

Air India to fetch better valuation if sold with zero debt, say bidders

Debt-free airline is a good opportunity to invest, say prospective buyers

Privatisation remains a priority despite Covid slowdown: DIPAM Secy

Says it is not that investors are not engaged, but they want more time. Because one thing that is not open yet is international travel

With 6 airports already in folio, Adani turns to Air India

The Tata group, the Hinduja group, Indigo and a New York-based fund, Interups, are also expected to submit their EoIs. The deadline of submitting the EoI is March 17

Govt appoints Rajiv Bansal as Air India CMD amid privatisation process

Bansal has served as CMD of Air India for around a year in 2017 before going back to the oil & gas ministry

A case of swadeshi privatisation

Air India's privatisation is acceptable as long as its control does not pass on to a foreign entity.

Air India privatisation: Puri bats for panel to sort out employees' issues

As per the source, the minister also told employees that contours about payment of dues are likely to be incorporated in the Expression of Interest (EoI) document.

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 sale: Govt may issue EoI, share purchase agreement in 3-4 days

An official said 'a group of ministers, headed by Union home minister Amit Shah, had on January 7 approved the EoI and the SPA for the airline'

Solo in 2020

Air India's prospects of finding a good match look bleak

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

In relief for Air India, govt gives Rs 500 cr guarantee to secure funds

The sovereign guarantee will help the airline secure some funds, a part of which has already been drawn, he said adding," Air India is already in discussions with the banks."

Divesting it right

The first deal will clear the path for many more. It will also be the toughest to execute

Aviation minister's Air India remark may scare passengers: Employees' union

The employees' union called hardeep Singh Puri's comment on Air India to be shut down if not privatised 'highly damaging' which will have 'massive financial implications'.

Air India will have to shut shop if privatisation flops: Minister Puri

Government is considering a plan to exclude more than half of Air India's $11 billion of debt in the government's latest attempt to lure investors to the struggling carrier, said sources

Air India privatisation: Pilots' union opposes move, may resort to strike

The government is working on the final contours of disinvestment of loss-making Air India, which has a debt worth over Rs 58,000 crore.

New plan to woo investors: Govt may exclude $7 billion of Air India debt

A spokesman at India's finance ministry, which handles assets sales, was not immediately available for a comment

Air India stake sale: Roadshow in Singapore this week to woo bidders

The national carrier has a debt of Rs 57,000 crore and the bids will be invited for 100 per cent stake

Amit Shah panel sets the ball rolling on sale of debt-laden Air India

Officials aware of the deliberations in a meeting of AISAM on Thursday said the agenda was to seek a formal political approval for the re-initiation of the privatisation process

Air India privatisation: Sitharaman meets Puri ahead of first GoM meeting

Officials from finance and civil aviation ministries have been discussing this key issue for a while now