Air India disinvestment

Air India disinvestment News

Govt committed privatise Air India, whoever acquires it will be very fortunate: Aviation Minister

"The government's determination to privatise Air India is a given. We have to get the best possible deal and get it in the shortest time available. People are very much interested in acquiring Air India," the Union Minister said.

Air India freezes promotions, new appointments amid stake sale preparations

For the disinvesment process, the official said the airline's books of accounts till July 15 have been closed and those financials would be used while seeking bids. Promotions and fresh appointments have also been frozen ahead of the stake sale for Air India.

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Tough action needed to revive Air India, says Anand Mahindra

After a year of government's initiation, no bidders came forward in the disinvestment process for debt-laden Air India. The deadline for submission of initial bids for Air India stake sale ended on May

Govt issues clarifications on Air India stake sale

As per the information memorandum, issued in March, the government would retain 24 per cent stake in the national carrier, the winning bidder would be required to stay invested in the airline for at least three years.

Important and significant queries raised by parties on Air India disinvestment: Civil Aviation Secretary

The government had last month floated a preliminary information memorandum inviting bidders to buy 76 per cent stake in loss-making Air India along with transfer of management control.

After IndiGo and Jet, Tata Group unlikely to bid for Air India due to onerous terms

The government has stipulated the winning bidder cannot merge Air India with existing businesses as long as the government holds a stake.

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Air India gets Rs 1,500 crore loan from Bank of India to meet 'urgent' working capital needs

This is the second time in recent months that AIr India has received loans from a public sector lender. The airline had borrowed around Rs 3,250 crore in September

Air India's current business 'not sustainable': Government tells Parliamentary panel

On June 28, the Cabinet Committee on Economic Affairs gave in-principle approval for considering strategic disinvestment of Air India and five of its subsidiaries. Sources said the move came after taking into consideration recommendations made by government think tank Niti Aayog and the core group of secretaries on disinvestment.

Disinvestment meant to make Air India a much stronger world class airline: AI chairman Ashwani Lohani

In an internal communication to the airline's employees, Lohani refers to the airline's accumulated debt of over Rs. 50,000 crore and says "survival in the long run is almost impossible and the proposal to consider disinvestment is a step in this direction."

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