AIR INDIA DISINVESTMENT
Government considering reducing Air India's debt and delaying its disinvestment
More time is likely to be given to bidders to submit their bids and it will delay the disinvestment process further. The deadline to submit bids has already been extended four times this year. The fourth extension was given on August 25 when the deadline for placing bids for Air India was pushed by two months to October 30 as the COVID-19 fallout has disrupted economic activity globally.
Government extends date for Air India EoI submissions to October 30
The government has extended the deadline to submit expressions of interes...
Government extends deadline to bid for Air India by two months till August 31
Issuing a corrigendum to the Expression of Interest (EoI) for s...
India looks at 'travel bubbles', domestic fare cap may be extended
Air India will add more flights under the ongoing Vande Bharat Mission phase-3 and the next phase, that will see private Indian airlines operating 750 flights to Gulf and southeast Asia.
No divestment yet against target of Rs 2.1 lakh crore for 2020-21; officials blame Covid
Despite assurances, officers are seen to be reluctant to push through privatisation and the so-called strategic sale has been limited to state-run players, such as ONGC and NTPC gobbling up smaller rivals in the public sector space.
No divestment yet against target of Rs 2.1 lakh cr for 2020-21
In fact, during presentations to Prime Minister Narendra Modi a few weeks ago, there were suggestions that asset monetisation could help the government cover a part of the higher spending needed for providing another economic stimulus.
Air India disinvestment process going on extremely well: Hardeep Singh Puri
The disinvestment process for Air India is going on "extremely well", Civil Aviation Minister Hardeep Singh Puri said on Friday.
Trade unions term disinvestment policies anti-farmer, anti-people
In the memorandum, the unions have reiterated their opposition to disinvestment, saying that privatisation of public-sector enterprises like Air India, and opening up of sectors like railway, defence, port and dock, coal, banks, insurance, space science & atomic energy were steps in favour of corporates to usurp natural resources and business of the country.
This time there would be no problem in Air India disinvestment: Hardeep Singh Puri
Govt asserted that AI's disinvestment should't face any issues this time as buyers have shown interest.
Gautam Adani's conglomerate mulls bidding for Air India
According to highly placed sources, the group has held internal rounds of deliberations on whether or not to submit an Expression of Interest and that the discussions are still in the preliminary stage.
Will ensure disinvestment-bound Air India keeps operating uninterruptedly: Aviation Ministry
In December, Air India chief told the ministry that the carrier's financial situation was "grossly untenable" for sustaining operations. Thus, the ministry asserted on Twitter,"MoCA reiterates that the Government, while going ahead with the disinvestment, would ensure that Air India continues to operate uninterruptedly and improves its operations also."
Government extends time till March 6 for bidders to pose queries on Air India sale
The last date for submission of written queries on PIM and Share Purchase Agreement (SPA) was originally set at February 11, following which the Department of Investment and Public Asset Management (DIPAM) on February 21 issued a set of 20 clarifications on the queries raised.
Air India gives permanent staff option to work for three days a week at 60 per cent pay
Air India has unveiled a "shorter working week scheme" for some staff in a bid to improve its cash flow position.
International travel restrictions put brakes on strategic stake sale plans: DIPAM Secretary
The government has already invited bids for strategic sale of national carrier Air India and oil major BPCL. However, their bid deadlines have been extended a couple of times on account of pandemic. For BPCL, the deadline has been extended till July 31. For 100 per cent stake sale in Air India, the deadline for bid submission is now August 31.
Amid coronavirus outbreak, Air India disinvestment might be 'quite difficult at this moment': IATA
The outbreak, which has infected over 95,000 people and resulted in more than 3,200 deaths worlwide, is taking a toll on the global airline industry, especially due to travel restrictions. Against this backdrop, IATA Chief Economist Brian Pearce said, "I think it is going to be very difficult times for the (Indian) airlines".