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A debt-laden Air India was sold to Tata Group in October last year for Rs 18,000 crore. The actual handover to Tatas happened on January 27, 2022.

Govt starts process to privatising 2 subsidiaries of Air India

Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. Earlier this month, the government had accepted an offer by Tata group to pay Rs 2,700 crore cash and takeover Rs 15,300 crore of the airline's debt.

Air India privatisation saga: 'Time we stopped paying Rs 20 cr/day of taxpayers money to keep it flying'

Debt-ridden Air India has revived its plans to raise Rs 500 crore in short-term loans (STLs) besides mopping up another Rs 6,100 crore by way of sale and lease back of seven of its wide-body planes, including six Boeing 787 (Dreamliner) aircraft, an airline official said.

Air India revives plans to raise Rs 500 cr; to mop up Rs 6,100cr from Aircraft sale and lease back

Government not to sell Air India, if bids are below minimum floor price: Officials

NITI Aayog says it's 'unviable' to support Air India: Govt

The comment of the Union minister of state for civil aviation sought to clear the air after he told a television news channel yesterday that there were indications of interest from the Tatas for Air India.

Air India: No formal interest from Tatas, clarifies Sinha

Battling multiple headwinds, the disinvestment-bound airline has been working on ways to reduce its debt, including by way of selling non-core assets and expanding operations.

Air India gets Rs 1,500 crore loan from Bank of India

This is the second time in little over a month that the flagship carrier has floated tenders for short tenure loans even as the government is working on the modalities for the stake sale.

Now, Air India looks for Rs 1,500 crore short term loans

According to two separate notices on the Department of Investment and Public Asset Management`s website, the proposal for advisers have been invited to guide the government on financial and legal issues associated with the strategic disinvestment.

Government invites bids for advisers on Air India's divestment

Air India delays payment of July salaries

The Cabinet Committee on Economic Affairs late last month gave its in-principle approval for disinvestment of Air India.&nbsp;

Air India disinvestment: Group of Ministers holds first meeting

On June 5, 2017 Finance Minister Arun Jaitley said that the government should have exited the airline more than a decade ago.

Union Cabinet gives in-principle approval for Air India disinvestment

According to the Minister of State for Civil Aviation, inter-ministerial consultations on the future of the airline have been completed and "are being summarised and presented" to the Union&nbsp;cabinet.

Cabinet to take a call on Air India, says Jayant Sinha

Niti Aayog's vice chairman Arvind Panagariya said on Friday that privatising government-run airline Air India will be&nbsp;"very difficult" unless the government writes off at least part of its debts.&nbsp;

Air India's privatisation very difficult without debt write-off, says Niti Aayog's Vice Chairman Arvind Panagariya 

air-india-debt

A debt-laden Air India was sold to Tata Group in October last year for Rs 18,000 crore. The actual handover to Tatas happened on January 27, 2022.

Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. Earlier this month, the government had accepted an offer by Tata group to pay Rs 2,700 crore cash and takeover Rs 15,300 crore of the airline's debt.

Debt-ridden Air India has revived its plans to raise Rs 500 crore in short-term loans (STLs) besides mopping up another Rs 6,100 crore by way of sale and lease back of seven of its wide-body planes, including six Boeing 787 (Dreamliner) aircraft, an airline official said.

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Air India debt News- Zee Business provides latest news on Air India debt, Air India debt news Today, Top News on Air India debt, update on Air India debt Stay updated with business news, breaking news headlines.

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Air India Debt

Govt starts process to privatising 2 subsidiaries of Air India

Air India privatisation saga: 'Time we stopped paying Rs 20 cr/day of taxpayers money to keep it flying'

Air India revives plans to raise Rs 500 cr; to mop up Rs 6,100cr from Aircraft sale and lease back

Government not to sell Air India, if bids are below minimum floor price: Officials

NITI Aayog says it's 'unviable' to support Air India: Govt

Air India: No formal interest from Tatas, clarifies Sinha

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