SEARCHED FOR:AIR INDIA DISINVESTMENT
Govt extends deadline to bid for Air India by 2 months till June 30
The department of investment and public asset management (DIPAM) said on Tuesday that the deadline was being extended after "request received from the IBs (interested bidders) in view of the prevailing situation arising out of COVID-19". ET had reported the deadline extensions earlier this month.
Air India will keep on running till it is privatised: Aviation minister
"Air India is running. Air India will keep on running. But Air India ...
If I was not a minister today, I would be bidding for Air India: Piyush Goyal
Air India has been in the red for long and the government is no...
How the government can attract suitors and arrange a suitable marriage for Air India
Air India is still a much-loved brand and has huge potential value that can be unlocked by the right investor.
Divestment plan back on track; govt not planning more ETFs: DIPAM
The strategic disinvestment was back on track and several initial public offer (IPO) transactions are planned, said Pandey.
Interests of Air India employees would be protected: Government
Replying to a supplementary question in Rajya Sabha, Minister of Civil Aviation Hardeep Singh Puri also said that the government would secure a fair deal for all of its employees. Puri said 25 per cent salaries of various employees were withheld when Air India was in financial crisis.
Would have bid for Air India, if I were not a minister today: Piyush Goyal
As the government works on divesting debt-laden Air India, Union Minister Piyush Goyal on Thursday said if he was not a minister, he would b...
Government looking to shift more debt out of Air India balance sheet before disinvestment
"We are evaluating if we can take out some more debt from the balance sheet and park it in the SPV. Earlier, our plan was to give debt in proportion to assets. As part of that, we have already transferred almost half of the total debt to AIAHL," the official in the know of the development told PTI.
DPIIT notifies decision to permit NRIs to own up to 100% stake in Air India
In its press note, the DPIIT said: "Foreign investments in Air India including that of foreign airlines shall not exceed 49 per cent either directly or indirectly except in case of those NRIs, who are Indian Nationals, where foreign investment is permitted up to 100 per cent under automatic route". On March 4, the cabinet had taken a decision in this regard.
Top-heavy AI to hire 10 more directors
The recruitments would increase the number of EDs in the airline. “AI already has about 20 EDs, out of which six EDs who retired have been retained. With these new appointments, the number will go up to about 30,” said an official. An ED’s salary is in the range of Rs 2 lakh per month.
Disinvestment of Air India should improve competition within the aviation sector: IATA official
Moreover, the official said that the Jet Airways' bankruptcy - which happened in April this year - does raise questions on the sustainability of the Indian aviation sector.
Without buyer, Air India might be forced to shut down in six months: Airline official
The airline has debt of Rs 60,000 cr and the govt is still working on the modalities for the disinvestment.
Mazagon Dock IPO gets oversubscribed on Day 1
"The MDL IPO issue has been over subscribed more than two times on the first day itself," secretary of department of investment and public asset management (DIPAM) Tuhin Kanta Pandey said Tuesday.
Air India needs to survive till it is sold, says Lohani as airline runs almost out of funds
The airline had on Monday asked the govt for an immediate sovereign guarantee to raise Rs 2,400 cr loan.
Air India pilots' union opposes privatisation; may resort to strike
The nearly 800-member strong Indian Commercial Pilots' Association has decided to work towards bringing all the unions at the airline under a common platform to oppose privatisation of the airline. The government is working on the final contours of disinvestment of loss-making Air India, which has a debt worth over Rs 58,000 crore.