Air India sale should not be allowed to drag indefinitely
Government has decided to sell 76 per cent of its stake in Air India, along with 100 per cent stake in subsidiary Air India Express, and 50 per cent stake in AISATS
Experts say the government might be pressured to tweak some of the key areas in the preliminary information memorandum that, according to many carriers, make it difficult to bid for Air India
Aditya Ghosh, said the company doesn't have the capability to take on the task
A successful take-off for the privatisation effort may require more than just the potential for growth
According to the memorandum, the two airlines have attractive slots at capacity constrained airports in the country
The latest offer will include Rs 333 billion ($5.1 billion) of debt that the buyer will have to take over, with the balance going to the government
Bid document offers 76% stake in cash-strapped flag carrier
There are at least six compelling reasons for its rivals to consider making a strong bid for India's flagship carrier
The information memorandum for the proposed disinvestment of the airline would be issued shortly, Sinha told reporters
Meanwhile, a parliamentary panel is likely to suggest that Air India should be given at least five years for revival
The flagship carrier's debt burden is more than Rs 50,000 crore
A tender was issued by the carrier on October 18 in which it had sought government guarantee-backed short-term loans totalling up to Rs 1,500 crore to meet 'its urgent working capital requirements'
In a highly aggressive bidding, winners quoted lower than standard rates
Modi's cabinet in June approved plans to privatise Air India
Time is running out; govt must move quickly before there are no takers left for airline
With Vajpayee's imprint, the Modi govt can refute critics who say it is rehashing UPA's initiatives
Airline saddled with Rs 50,000-cr debt and discussing with lenders ways of restructuring loans
Union cabinet had recently in-principle approved the sale of Air India
The impending sale of the justly maligned Air India has caused much excitement