SEARCHED FOR:AIR INDIA DISINVESTMENT
Centre to go ahead with disinvestment process of Air India: Ministry of Civil Aviation
At a meeting on June 28, 2017, the CCEA had in-principle approved the consideration for strategic disinvestment of Air India.
Air India may lower prices of its properties to draw more buyers
Airline has managed to sell only 32 of the 111 properties put on the block t...
A buyer needs to see Air India beyond its balance sheet: Chairman & MD Ashwani Lohani
As the government intensifies its efforts to sell Air I...
Air India unions to demand voluntary retirement scheme in Monday meeting
"Our members have been approaching us and want us to discuss a voluntary retirement scheme package with the government as it is expected that our job will be protected only for one year post privatisation. We are going to raise this issue at the meeting with the minister on Monday," an airline source told PTI.
Bidders get till March 6 to pose queries on Air India stake sale
The last date for putting bids is March 17 and interested bidders for Air India should have a net worth of Rs 3,500 crore. After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake. In 2018, the government had offered to sell its 76% stake in the airline.
'Rumours' of Air India's shutdown baseless: CMD Ashwani Lohani
"Rumours regarding Air India shutting down or closing operations are all baseless," Lohani said in a tweet.
Govt committed to strategic disinvestment of Air India: Jayant Sinha
Speaking at a session hosted by the Indian Chamber of Commerce here, Sinha said the government was taking steps to make Air India a vibrant global airline.
Govt's decision to sell 100 per cent stake in Air India a 'bold reform': CAPA
The government on Monday announced sale of 100 per cent stake in debt-laden Air India as it issued the preliminary bid document for the strategic disinvestment and has set March 17, as the deadline for submitting expression of interest.
Air India mulls launching Mumbai-London Stansted service
Disinvestment-bound national carrier Air India is mulling launching a flight service to London Stansted from the country's financial capital, a senior airline official said.
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.
Air India to set up internal panel to address privatisation-related issues of employees: Source
At a meeting between the minister and representatives of over a dozen Air India unions in New Delhi on Monday, the minister also "assured" the employees of full payment of their arrears, according to the source.
Air India unable to move engine due to Rs 100 crore GST dues
The airline hopes to pay the GST dues on Thursday, along with salary to employees. “We have raised the cash to pay for these things from our ticket sales. Hopefully, we will be able to send the engine to Vadodara once some GST dues are paid on Thursday, and then we raise the e-way bill required for that shipment,” said the official.
Divestment of Air India, BPCL not in national interest: Swadeshi Jagran Manch
The economic unit of RSS said the move to divest companies such as Air India, BSNL and BPCL was “opposed to national interest and prone to being misused by corrupt officials to benefit special business houses”.
Buyers of Air India, BPCL not to get free hand to shed excess staff: DIPAM secretary
First preliminary interest from potential bidders is invited, followed by they being given access of data room on the companies for due diligence. In the second stage, price bids are invited. While in the case of Air India, the EoI has been invited by March 17, an offer seeking the same for BPCL is likely to be floated in the next few days.
Air India to start flying on Mumbai-Nairobi route from November 27
The four-times-a-week non-stop fight will be operated on Tuesdays, Wednesdays, Fridays and Sundays with a 256 seat Boeing 787 in two-class configuration, business and economy, the airline said in a release. Air India will be the only domestic carrier to operate to Kenya from India