AIRLINE ALLIED SERVICES
Govt likely to float bids for Air India sale next month
EoI inviting bids for 100% stake sale are likely to be floated either this month-end or next month. Bidding for the national carrier, which is sitting on a debt pile of around Rs 58,000 cr, will be carried out through a newly developed e-bidding system.
Civil aviation secretary chairs review meeting of Air India
The meeting comes ahead of the airline's board meet, which scheduled to be held o...
Air India Assets Holding raises another Rs 7,985 crore
These bonds have been subscribed at a rate of 7.39 per cent.
Air India Assets Holdings to raise Rs 22,000 cr through bonds
A senior official told PTI that AIAHL would issue bonds worth Rs 7,000 crore on September 16.
Total 705 routes awarded under UDAN, 174 become operational: Aviation Minister
Based on their assessment of demand on particular routes, the airlines submit proposals at the time of bidding under UDAN scheme from time to time.
As PMO wants quick disinvestment of its subsidiaries, AI asked to prepare FY19 financials
After a botched attempt to sell Air India in May last year, a panel led by Finance Minister Arun Jaitley had decided in June to scrap the stake-sale plan for the time being.
CPSEs under strategic sale asked to immediately prepare list of non-core assets
Govt has already identified about 35 CPSEs for strategic sale including Air India, Pawan Hans, BEML, Scooters India and Bharat Pumps Compressors.
Cabinet clears SPV for transfer of Air India loans, subsidiaries
The Union Cabinet has given ex-post facto approval for the creation of the SPV and associated activities for the disinvestment of Air India and its subsidiaries or JV.
Government plans to complete sale of Air India subsidiary AIATSL by March
Air India is reeling under a huge debt burden of over Rs 50,000 crore and the government is planning to sell its non-core subsidiaries of the national carrier.
Government planning strategic sale of 4 Air India subsidiaries soon
The govt has prepared a list of the airline's assets that could be sold as part of the strategic sale plan.
Finance Ministry drafting Asset Monetisation Framework for hiving off CPSEs' non-core biz
Govt has set a disinvestment target of Rs 80,000 crore including strategic and minority stake sale in CPSEs
SC notice to Airline Allied Services Ltd for sacking 'overweight' airhostess
An airhostess whose contract was renewed because of her being 'overweight' today knocked the doors of the SC for getting her job back.
Air India sets up nodal cell to facilitate interaction among advisors for disinvestment
The Civil Aviation Ministry had told Air India on May 6 that it should prepare 2018-19 financials for itself and its subsidiaries by end of June as the PMO has decided to speed up the disinvestment process of three of its wings.
Government awards 235 routes under UDAN, seaplanes to fly on 18 routes
SpiceJet, IndiGo, Jet Airways, Air India subsidiary Airline Allied Services Ltd or Alliance Air, and Turbo Aviation are among the operators that have bagged the routes in the third round.
Govt has prepared revival plan for Air India: Jayant Sinha
The Minister of State for Civil Aviation also said that Air India has planned to monetise its unutilised and surplus immovable real estate assets over the next few years.
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