Page 2 - Air India Stake Sale

Air India stops promotions, appointments as govt prepares to sell stake

The government is looking to complete the Air India stake sale in the next four to five months

Air India deal likely to be sweetened further, PIM expected by July 7

The govt has decided to come out with the preliminary information memorandum (PIM) inviting expression of interest (EoI) by the first week of July

Second time lucky?

100% stake sale and lower debt can make Air India a better buy

Govt gives approval to sell 100% stake in Air India's ground handling firm

Proceeds from the sale would be used to pay off Air India's debt

Air India eyes Rs 8 bn from sale of residential, commercial properties

The properties, which are spread over 16 cities pan India, will be e-auctioned through the state-run auctioneer MSTC

Oil marketing firms threaten to cut supply to Air India in case of default

On Monday, the Indian Oil Corporation threatened to snap supply at eight airports over pending dues

Letter to BS: Govt scores self goal; jumps into fray without preparation

Ironically, nothing seems to truly work in its favour as this ill-fated national carrier continues to be in 'red' with no lights at the end of the tunnel too

Swamy calls for delaying AI sale to 2019, dropping Jayant Sinha as minister

His remarks come a day after RSS chief Mohan Bhagwat said that the control and management of the national carrier should remain with an Indian player

To participate in stake sale process, IFC may underwrite Air India debt

Rs 333-bn debt on Air India's books has upset many potential bidders

Potential bidders 'arm-twisting' govt on Air India sale, say unions

The statement comes following one after another potential bidder opting out of the Air India sale

Centre may ease expression of interest deadline for 76% stake in Air India

Govt officials say a shareholding structure has been mandated to discourage non-serious bidders from accessing Air India's data room

Centre may completely exit Air India, sell its residual stake to LIC

According to preliminary information memorandum, Air India's new owner will be asked to list the company in some time

With debt at Rs 487 bn, govt invites bids for 76% stake sale in Air India

Bidders have been asked to submit expressions of interest by May 14

Air India stake sale: Jet Airways, Air France-KLM, Delta consortium to bid

Though Air India is saddled with huge debt, acquiring the airline can help boost the acquirer's business, given its extensive footprint and bilateral rights

Air India stake sale process well on track, says Jayant Sinha

As soon as we have the go ahead from the alternative mechanism, the EoI will be issued: Sinha

Government to split Air India's debt ahead of stake sale: Jayant Sinha

India's Civil Aviation Secretary, Rajiv Choubey, said on Thursday that the government would invite initial bids for Air India in the next couple of weeks

Govt to invite initial bids for Air India stake sale in couple of weeks

Prime Minister Narendra Modi's cabinet gave the go-ahead last year to sell the flagship carrier after successive governments spent billions of dollars in recent years to keep it solvent

Air India stake sale: Govt may include call and put options in agreement

The Ministry of Civil Aviation has suggested that the government should holds 24-26% stake in Air India after disinvestment

Retaining Air India employees will diminish its bid value, says Celebi

Celebi's CEO for India, Murali Ramachandran, explained that there are other areas that the company needs a clarity on, such as Air India's future value

Singapore partner has first rights on Air India's ground-handling unit

AISATS is the most profitable unit of Air India and its profits in 2016-17 were Rs 660.3 million