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Air India disinvestment News
Air India disinvestment
Vistara evaluating Air India, no decision yet: Chairman
Mon, Mar 02, 2020
Vistara Chairman Bhaskar Bhat on Monday said that the airline is evaluating to bid for the national carrier Air India. He added no decision has been taken so far and only after the evaluation is complete, the company would decide on bidding in the disinvestment process
On Air India, here is what Narendra Modi govt has decided
Fri, Jun 28, 2019
An Air India Specific Alternative Mechanism (AISAM) was constituted by CCEA for this, said a government statement today.
Air India disinvestment: CMD holds meeting with employee unions
Thu, Apr 05, 2018
Air India CMD Pradeep Singh Kharola today held a meeting with representatives of four employees' unions to discuss about the proposed strategic disinvestment and their concerns, sources said.
Air India Disinvestment: Jayant Sinha says only an Indian will have control of the airliner
Thu, Mar 29, 2018
Union Minister of State for Civil Aviation Jayant Sinha, in an exclusive talk with Zee Business's Sameer Dixit, said the NDA government is planning to come up with an employee stock ownership plan (ESOP) from its own stock in Air India.
Air India board of directors meet to discuss 'business plans'
Thu, Jan 18, 2018
The Board of Directors of the disinvestment-bound Air India met today under its new Chairman and Managing Director (CMD) Pradeep Singh Kharola.
Air India to be split into four before sale, says Aviation Minister Sinha
Mon, Jan 15, 2018
Stake sale of Air India will be split into four separate firms and will be completed by end of 2018.
Singapore Airlines says options open on Air India disinvestment
Thu, Jan 11, 2018
Singapore Airlines today said it will keep options open on Air India stake after the government allowed foreign carriers to own up to 49 per cent in the national carrier.
Govt allows foreign airlines to invest in Air India; aviation stocks climb, Spicejet falls 2%
Wed, Jan 10, 2018
The government has allowed foreign airlines investment in Air India by up to 49%.
Air India disinvestment process moving 'expeditiously', says govt
Wed, Jan 10, 2018
The disinvestment process for Air India is proceeding expeditiously, a senior government official said today amid suggestions in certain quarters not to move ahead with the stake sale for now.
NITI Aayog says it's 'unviable' to support Air India: Govt
Wed, Jan 03, 2018
The government's premier policy advisory body NITI Aayog has said in its report on the debt- laden Air India that it was "unviable" to provide financial support to the national carrier, the Centre told Parliament today. Air India has a debt of Rs 51,890 crore.
Govt seeks Rs 13,000 crore surplus from RBI
Sun, Nov 19, 2017
In August, the RBI had paid a dividend of Rs 30,659 crore for the fiscal ended June 2017. It was less than half the Rs 65,876 crore it had paid in 2015-16.
Air India gets Rs 1,500 crore loan from Bank of India
Sun, Nov 12, 2017
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.
Government invites bids for advisers on Air India's divestment
Fri, Sep 15, 2017
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.
Keep profitable Air India subsidiaries out of disinvestment: Gadkari
Sun, Aug 13, 2017
As Air India Engineering Services Limited (AIESL) today announced induction of first third-party aircraft for major maintenance work at its Nagpur MRO unit, Union Minister Nitin Gadkari said profit-making subsidiaries of Air India should be kept out of proposed privatisation.
Salary cut lesser evil than layoffs in aviation space
Sun, Jul 23, 2017
Slashing salaries is a "lesser evil" than pink slips in the domestic aviation sector, feel HR experts against the backdrop of a leading airline asking junior pilots to take ten days off every month as part of cost balancing effort.
Air India disinvestment: Group of Ministers holds first meeting
Fri, Jul 21, 2017
The Cabinet Committee on Economic Affairs late last month gave its in-principle approval for disinvestment of Air India.
Air India net loss reduces to Rs 3,643 crore; operating profit rises in 2016-17
Tue, Jul 18, 2017
The airline saw its total revenue, including exceptional and extraordinary items, increase to Rs 22,146 crore in 2016 -17 period, as per provisional numbers provided by Minister of State for Civil Aviation Jayant Sinha to the Rajya Sabha.
Air India break-up an option as Modi pushes for quick sale
Sun, Jul 09, 2017
India is considering selling state-owned Air India in parts to make it attractive to potential buyers, as it reviews options to divest the loss-making flagship carrier, several government officials familiar with the situation said.
Union Cabinet gives in-principle approval for Air India disinvestment
Wed, Jun 28, 2017
On June 5, 2017 Finance Minister Arun Jaitley said that the government should have exited the airline more than a decade ago.
Cabinet to take a call on Air India, says Jayant Sinha
Tue, Jun 20, 2017
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 cabinet.