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air india disinvestment: around 150 queries on carrier's sale




around 150 queries have been received in the air india privatisation process, made queries and sought clarifications on the terms of the flagship carrier’s sale. these include both foreign and indian airlines, as well as a number of domestic and external non-aviation entities, business standard ha...



cabinet clears air india disinvestment




the union cabinet today cleared disinvestment of debt-laden air india but the final modalities, including the quantum of stake sale, will be decided by a group of ministers.finance minister arun jaitley said the cabinet has given "in-principle" approval for disinvestment of air india.a group will be...



air india stake sale: jet airways, air france-klm, delta consortium to bid




a consortium of jet airways, air france-klm and delta airlines is understood to have expressed its interest in the air india disinvestment, according to sources. moving ahead with the strategic disinvestment of loss-making air india, the government is expected to soon invite expressions of interest ...



economic survey 2018: govt to complete air india sale by next fiscal




the economic survey on monday suggested that the government should complete air india disinvestment within the next financial year.the agenda for 2018-19, as suggested by the survey, includes stabilising gst, completing the tbs (twin balance sheet) actions, privatising air india, and staving off thr...



jet airways, air france-klm, delta consortium to bid for air india




a consortium of jet airways, air france-klm and delta airlines understood to have expressed interest in the disinvestment of national carrier air india, according to sources. moving ahead with the strategic disinvestment of loss-making air india, the government is expected to soon invite expression ...



disinvestment-bound air india approaches dgca to renew flying permit




disinvestment-bound air india has approached aviation regulator dgca for renewal of its flying permit, expiring in june, amid the government scouting for potential buyer for the loss-making carrier, sources said. a senior official at the disinvestment-bound national carrier said that the directorate...



air india disinvestment 'potentially another scam' in making, says swamy




bjp leader subramanian swamy hit out at the government, led by his own party, over the disinvestment of air india, saying it was potentially another scam in the making. the former union minister said he would watch the developments and file a private criminal law complaint, if he found culpability i...



government doesn't want air india to go the kingfisher way: raju




the government does not want air india to become defunct like the kingfisher airlines, promoted by embattled liquor baron vijay mallya, and wants it to serve the nation, civil aviation minister ashok gajapathi raju said on thursday.the government does not want anyone working in air india to lose job...



govt doesn't want air india to go kingfisher airlines way: raju




the government does not want air india to become defunct like the kingfisher airlines, promoted by embattled liquor baron vijay mallya, and wants it to serve the nation, civil aviation minister ashok gajapathi raju said today.the government does not want anyone working in air india to lose their job...



cabinet clears air india disinvestment




the union cabinet on wednesday gave an "in principle" go ahead for the strategic disinvestment of debt-ridden national carrier air india after tasking a group of ministers to work out its modalities.the decision was taken at a meeting chaired by prime minister narendra modi after considering the pro...



air india gets busy with vrs before divestment




the government is counting on the average age of 55 years among the non-technical air india employees as a human resources (hr) blessing ahead of disinvestment of the state-owned carrier.      with a large number of employees left with only three years for superannuation, the government is negoti...



air india eyes sale of scrapped engine parts for additional revenues




air india has sought business proposals for sale of scrapped aircraft engine parts, a move that could provide additional revenues for the disinvestment- bound national airline.the carrier plans to salvage select engine parts under a profit sharing arrangement, failing which they would be sold as scr...



govt receives many queries on air india from non-aviation entities




amid reports of indian civil aviation companies being lukewarm to buying air india, the government says it has received many queries from a number of aviation and non-aviation companies for the flagship national carrier. the queries have been addressed to ey, the transaction advisor for the sale of ...



itf expresses solidarity with air india unions protesting divestment




the international transport workers' federation has expressed its solidarity with air india unions opposing disinvestment of the airline, saying any change in the status of the state-run carrier should be negotiated with the workers and the unions. the federation, representing 740,000 aviation worke...



air india seeks rs 1,500 cr short-term loans to meet working capital needs




disinvestment-bound air india has sought proposals for short term loans worth rs 1,500 crore to meet "urgent" working capital needs, according to a document.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 w...



34 sick psus suggested for strategic divestment: niti aayog ceo




government think-tank niti aayog has recommended strategic disinvestment of 34 sick public sector units so far, its ceo amitabh kant said on thursday.the prime minister's office (pmo) had asked the think- tank to look into the viability of sick state-run companies."we have recommended 34 sick psus f...



any 'unsolicited' eoi at this stage is 'not relevant'




amid some airlines writing to the government on air india disinvestment, civil aviation minister on tuesday said "unsolicited" expressions of interest (eoi) at this stage is "not relevant".this was disclosed by civil aviation minister ashok gajapathi raju in a question raised by cpi mp d raja in raj...



air india's 6,200 slots for flights could be a key attraction for bidders




disinvestment-bound air india has more than 6,200 slots for domestic and international flights, which could be among the key attractions for potential bidders, according to an official document. besides, air india express has around 555 slots at different local and overseas airports. moving ahead wi...



don't privatise air india, give it 5 years to revive: par panel




this is not an appropriate time to divest government stake in air india, which should be given at least five years to revive and its debt is written off, a parliamentary panel is likely to tell the government.the panel is also understood to have concluded that the equity infusion in the national car...



ai privatisation: bnp paribas, rothschild in race to become sale adviser




as many as seven firms, including kpmg, bnp paribas and rothschild india pvt ltd, are jostling with each other to advise the government for the strategic sale of air india and its subsidiaries.the other entities that have applied to act as transaction adviser for the share sale are ey, grant thornto...



govt likely to achieve fiscal deficit target of 3.2% in fy18: sbi report




the government is likely to achieve its fiscal deficit target of 3.2 per cent this financial year as the budgeted disinvestment receipts are on track to realise rs 72,500 crore, says an sbi research report. according to the report, though there are predictions that the government is going to have a ...



air india cmd rajiv bansal gets 3 months extension




air india cmd rajiv bansal has been given three months extension, according to a senior government official.senior ias officer bansal took over the reins of the disinvestment-bound national carrier in august.a civil aviation ministry official on friday said bansal has been given an extension as chai...



perform or perish: new air india chief to employees




terming "professional and productive work culture" as the key to the airline's turnaround, air india chief pradeep singh kharola has said in a message to employees that "we have to perform if we do not want to perish".kharola, who took over as chairman and managing director of the disinvestment-boun...



modi's gamble of selling air india hits turbulence even before take off




a plan to sell off india’s flagship airline is facing headwinds before it even gets started. narendra modi’s boldest asset sale yet is the proposed divestment of air india, the nation’s money-losing flag carrier, has run into rough weather after some of the potential bidders opted out upset wi...



govt may sell air india in fy18 if it finds suitable buyer: sources




the government may sell flagship carrier air india this fiscal itself if it finds a suitable buyer, according to official sources.the government, they said, also expects to meet its disinvestment target as there are a number of companies in the pipeline.various companies including gic, new india ass...