Rahul Gandhi intensifies attack on Centre over US trade deal, says "we are witnessing betrayal of Indian farmers"

India AI Impact Summit 2026: Awareness campaign to educate citizens on safe AI use

Assam CM announces Rs 22,864 crore high-speed corridor transforming regional connectivity

OpenAI CEO Sam Altman calls India 'full-stack AI leader', plans deeper government ties ahead of Global AI Summit

Sanjeev Bikhchandani praises Startup India Fund 2.0 boosting nationwide innovation

Earthquake Today: 4.5-magnitude tremor shakes Myanmar, no immediate casualties reported

Weather Update: Rising minimum temperatures recorded in Punjab and Haryana; Delhi AQI worsens

AI-Impact Summit 2026: World leaders to back India’s vision for ethical and scalable AI integration

India-EU FTA: FM Sitharaman highlights Viksit Bharat Vision during Munich visit

India’s forex reserves drop $6.7 billion to $717 billion after record high, gold holdings see sharp fall

Privatisation-bound national carrier Air India might not get financial support from the full Budget 2019-20. According to highly-placed sources, the airline, which got a meagre Rs 100,000 as extra budgetary support in the interim budget, might not even land a spot in the expenditure document this time.
However, in the interim budget, the government had allocated Rs 2,600 crore to Air India Asset Holding Ltd, a SPV which is being used to park the majority of over Rs 55,000 crore debt of the airline.
On June 27, the Central government decided to restart the divestment process of national passenger carrier and its five subsidiaries.
As per the Ministry of Civil Aviation, continued support from the government had resulted in improvement of financial and operational performance of the airline.
The development comes after the Air India Specific Alternative Mechanism (AISAM), in a meeting last year, decided against divestment at that time due to issues like volatile crude oil prices and adverse fluctuations in exchange rates.
"However, continued support from the government had resulted in improvement of financial and operational performance of Air India. As per the recommendations of AISAM, the government will now go ahead with the process of disinvestment of the company," the Ministry said in a statement.
In December last year, the Centre had prepared a revival plan for the airline, comprising a comprehensive financial package and sale of non-core real estate assets.
The plan comprised of several major elements such as a comprehensive financial package including transferring of non-core debt and assets to a SPV (special purpose vehicle) and strategic disinvestment of subsidiaries.
<blockquote data-lang="en">Health Budget 2019: Pre-budget expectations of the healthcare industry<a href="https://twitter.com/hashtag/Budget2019?src=hash&amp;ref_src=twsrc%5Etfw">#Budget2019</a> <a href="https://twitter.com/hashtag/UnionBudget2019?src=hash&amp;ref_src=twsrc%5Etfw">#UnionBudget2019</a> <a href="https://t.co/XDD0ya5HSd">pic.twitter.com/XDD0ya5HSd</a>
— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/1146761155387383808?ref_src=twsrc%5Etfw">July 4, 2019</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Besides, the Centre infused Rs 2,345 crore into the financially strained national carrier under its `Turn Around Plan`.
In addition, an inter-ministerial panel has decided to divest the government`s stake in AIATSL.
The revival plan had come after government`s efforts to off-load a majority stake in the airline failed. On May 31, 2018, "no response" was received by the government.

Privatisation-bound national carrier Air India might not get financial support from the full Budget 2019-20. According to highly-placed sources, the airline, which got a meagre Rs 100,000 as extra budgetary support in the interim budget, might not even land a spot in the expenditure document this time.However, in the interim budget, the government had allocated Rs 2,600 crore to Air India Asset Holding Ltd, a SPV which is being used to park the majority of over Rs 55,000 crore debt of the airline.On June 27, the Central government decided to restart the divestment process of national passenger carrier and its five subsidiaries.As per the Ministry of Civil Aviation, continued support from the government had resulted in improvement of financial and operational performance of the airline.The development comes after the Air India Specific Alternative Mechanism (AISAM), in a meeting last year, decided against divestment at that time due to issues like volatile crude oil prices and adverse fluctuations in exchange rates."However, continued support from the government had resulted in improvement of financial and operational performance of Air India. As per the recommendations of AISAM, the government will now go ahead with the process of disinvestment of the company," the Ministry said in a statement.In December last year, the Centre had prepared a revival plan for the airline, comprising a comprehensive financial package and sale of non-core real estate assets.The plan comprised of several major elements such as a comprehensive financial package including transferring of non-core debt and assets to a SPV (special purpose vehicle) and strategic disinvestment of subsidiaries.Health Budget 2019: Pre-budget expectations of the healthcare industry#Budget2019 #UnionBudget2019 pic.twitter.com/XDD0ya5HSd— Zee Business (@ZeeBusiness) July 4, 2019Besides, the Centre infused Rs 2,345 crore into the financially strained national carrier under its `Turn Around Plan`.In addition, an inter-ministerial panel has decided to divest the government`s stake in AIATSL.The revival plan had come after government`s efforts to off-load a majority stake in the airline failed. On May 31, 2018, "no response" was received by the government.

In December last year, the Centre had prepared a revival plan for the airline, comprising a comprehensive financial package and sale of non-core real estate assets.

Budget 2019 likely to clip Air India&#039;s wings, no equity infusion likely

Budget 2019 likely to clip Air India's wings, no equity infusion likely

news-budget-2019-likely-to-clip-air-indias-wings-no-equity-infusion-likely-104453

Privatisation-bound national carrier Air India might not get financial support from the full Budget 2019-20. According to highly-placed sources, the airline, which got a meagre Rs 100,000 as extra budgetary support in the interim budget, might not even land a spot in the expenditure document this time. However, in the interim budget, the government had allocated Rs 2,600 crore to Air India Asset Holding Ltd, a SPV which is being used to park the majority of over Rs 55,000 crore debt of the airline. On June 27, the Central government decided to restart the divestment process of national passenger carrier and its five subsidiaries. As per the Ministry of Civil Aviation, continued support from the government had resulted in improvement of financial and operational performance of the airline. The development comes after the Air India Specific Alternative Mechanism (AISAM), in a meeting last year, decided against divestment at that time due to issues like volatile crude oil prices and adverse fluctuations in exchange rates. However, continued support from the government had resulted in improvement of financial and operational performance of Air India. As per the recommendations of AISAM, the government will now go ahead with the process of disinvestment of the company, the Ministry said in a statement. In December last year, the Centre had prepared a revival plan for the airline, comprising a comprehensive financial package and sale of non-core real estate assets. The plan comprised of several major elements such as a comprehensive financial package including transferring of non-core debt and assets to a SPV (special purpose vehicle) and strategic disinvestment of subsidiaries. Health Budget 2019: Pre-budget expectations of the healthcare industry#Budget2019 #UnionBudget2019 pic.twitter.com/XDD0ya5HSd — Zee Business (@ZeeBusiness) July 4, 2019 Besides, the Centre infused Rs 2,345 crore into the financially strained national carrier under its `Turn Around Plan`. In addition, an inter-ministerial panel has decided to divest the government`s stake in AIATSL. The revival plan had come after government`s efforts to off-load a majority stake in the airline failed. On May 31, 2018, no response was received by the government.