December 15, 2020 11:07 pm
Government must develop clear roadmap for disinvestment, use proceeds from stake sales for fresh investment.
December 14, 2020 8:17 pm
"Multiple expressions of interest have been received for strategic disinvestment of Air India. The Transaction will now move to the second stage," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted.
December 15, 2019 11:00 am
Civil Aviation Minister Hardeep Singh Puri had told Parliament that the preparation of Preliminary Information Memorandum (PIM) for inviting Expression of Interest (EoI) for Air India disinvestment is in process.
August 29, 2019 3:47 pm
"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.
July 21, 2019 6:21 pm
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.
June 01, 2018 9:08 pm
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
May 01, 2018 2:48 pm
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.
April 26, 2018 3:51 pm
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.
April 11, 2018 2:35 pm
The government has stipulated the winning bidder cannot merge Air India with existing businesses as long as the government holds a stake.
November 12, 2017 12:49 pm
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