AIR INDIA DISINVESTMENT
Will ask my team to look at bidding for Air India: Tata Group chief
The Tata Group may consider bidding for Air India, an airline it once owned, whenever the govt finalises its sale. “Ideally, it is a Vistara decision. It is not a Tata Sons decision. I will ask the team to evaluate it," said the Tata group chief N Chandrasekaran. Acquisition of Air India would help the Tatas scale their aviation business.
The issues that have kept Air India's fate hanging in balance
The issues holding Expression of Interest are FDI norms & national carrier stat...
Domestic air passenger traffic grows by 3.98 per cent in October
The domestic air traffic last month consisted of 12.31 million passengers co...
Air India plans legal, tech audit to attract buyers
The government’s attempt to sell 76% stake in the airline drew a blank last time, forcing it to do a course correction that included plans to dilute its entire stake in the ailing carrier.
Tie-up to help SpiceJet access wider network of Gulf Air: Ajay Singh
The tieup is commercial and SpiceJet to collaborate with Gulf Air in engineering, cargo, personnel.
CPSEs can be globally competitive if government, management roles spelt out: CII
The report, set to be released on Monday, recommends that the government inform the top management of CPSEs about its disinvestment plans, a press release by the CII said. “Given the current environment of divestment uncertainty, it is critical to apprise the CPSE top management in advance, about a decision on this,” the release stated.
BJP making India's best organisations hollow, selling them: Priyanka Gandhi
Her attack comes days after Sitharaman reportedly said the government was looking to wrap up the sale of state-run Air India and oil refiner and marketer BPCL by March 2020. "Our organisations are our pride. These are our 'golden birds'," Priyanka Gandhi said in a tweet in Hindi.
Interested in buying a stake in IndiGo, but not in Air India: Qatar Airways CEO
Qatar Airways has no interest in buying a stake in Air India but is interested in IndiGo, said its CEO.
Air India seeks $819 million loan for 7 Boeing planes
Bids have been invited from banks, financial institutions for refinancing existing bridge loan facility worth USD 819 mn. At current exchange rate, the amount will be more than Rs 5,800 cr. Air India had acquired 27 B787-800 planes and 15 B777-300ER aircraft.
Air India pilot bodies seek meeting with Hardeep Singh Puri on privatisation
The pilot bodies, in a communication to Puri, said that the airline management appraised it of the status of disinvestment during a recent meeting but it did not provide any clarity on pending issues or provide any roadmap with regards to the future of employees.
India plans strategic stake sales in 28 state-run companies - minister
The government has so far raised 173.64 billion rupees ($2.43 billion) in the 2019/20 fiscal year ending in March, against the full-year's target of 1.05 trillion rupees, the minister said in a written reply in the lower house of parliament.
Market ready for consolidation with some downside: Sandip Sabharwal
I do not think there will be either a big downside or a big upside in the near term.
Air India may raise loans against Rs 2,500 crore GoI guarantee
"We have not decided on further loans from banks. We have the Government of India (GoI) guarantee for Rs 2,500 crore and if needed, we may raise some loans," said a top Air India official.
How govt can achieve its disinvestment mission
Sale of direct and indirect stakes up to 51% equals 1-2 years of selloff targets
Air India buyer may be allowed to rename airline
A source close to the deal says now that they are planning for a complete exit from Maharaja in the second attempt to divestment, there is unlikely to be any precondition for retaining the name of Air India for any specific period of time like last year.
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