Air India sale to be concluded by September as govt invites financial bids
New Delhi/IBNS: The sale of national carrier Air India has reached the financial bidding stage and the transaction is likely to be concluded by September this year, said media reports.
Ras Al Khaimah Investment Authority, Ankur Bhatia not bidding for Air India : Report
Mumbai/IBNS: Ras Al Khaimah Investment Authority and Bird Group promoter Ankur Bhatia are not bidding for the national carrier Air India Limited along with SpiceJet chairman Ajay Singh, spokespersons for Ras Al Khaimah government and Bird Group have said, reported Mint.
Air India: Confusion over debts, assets complicates disinvestment
Mumbai/IBNS: Even as the government plans to invite financial bids for the sale of national carrier Air India, after shortlisting expressions of interest for the second phase of the deal, those in the fray are still not aware of the quantum of assets and debts that will be part of the takeover, said a media report.
Mumbai/IBNS: The government is planning to invite financial bids for disinvestment of national carrier Air India by the end of this month with the aim to complete the privatisation process in the second part of this calendar year.
Ahead of Air India' strategic disinvestment, Tata increases stake in AirAsia India
Mumbai/IBNS: Tata Sons is all set to buy AirAsia Berhad's majority stake in AirAsia India as all eyes are set on the second phase of Air India deal, which reportedly the Tatas are most likely to win.
New Delhi/IBNS: The Indian government seems to have made some headway in the disinvestment of financially-hit Air India as it received "multiple expressions of interest" and "the transaction will now move to the second stage", the Department of Investment and Public Asset Management said Monday.
Tatas and Singapore Airlines close to Air India acquisition: Report
Mumbai/IBNS: Singapore Airlines and the Tatas are inching close to acquire the financially-hit national carrier Air India, an Economic Times report said.
Govt clears hurdles for Air India bids
New Delhi/IBNS: The end to the woes of trouble-torn Air India could be close as the government approved the draft for inviting bids for a stake sale in the national carrier, reports said, adding that the document inviting the bids will be out before the end of Jan.
Govt to sell debt-laden Air India and Bharat Petroleum by March 2020 says FM Sitharaman
New Delhi/IBNS: The government will sell two of its loss-making enterprises Air India and Bharat Petroleum by March next year, Finance Minister Nirmala Sitharaman has said in an interview with the Times of India. Air India, Bharat Petroleum Corporation to be sold by March: FM Nirmala Sitharaman - Times of India https://t.co/8FbWsiSdSH — Nirmala Sitharaman (@nsitharaman) November 17, 2019
Government plans to divest Air India completely
New Delhi, Aug 30 (IBNS): The Indian government is planning to divest loss-laden carrier Air India completely after a plan to sell 76 per cent stake failed last year, media reports said.
Govt committed to strategic disinvestment of Air India: Puri
New Delhi, July 11 (UNI): The Union government on Thursday told the Lok Sabha that it is committed to the strategic disinvestment of national airline Air India.
Air India pilot Arvind Kathpalia, sacked for failing alcohol test, appointed as Regional Director
New Delhi, Apr 30 (IBNS): Air India pilot Arvind Kathpalia, whose flying licence was suspended in November 2018 after he failed pre-flight alcohol tests, has been appointed as the Regional Director (Northern Region) of the state-run airlines, media reports said.
State-run Air India's several flights hit due to technical glitch
New Delhi, Apr 27 (UNI) Air India international and national flights were affected due to problem in passenger service system (PSS) software for six hours on Saturday morning.
New Delhi, Feb 1 (IBNS) : Union Finance and Corporate Affairs Minister Arun Jaitely, while presenting the General Budget 2018-19 in Parliament on Thursday, said that the Government has initiated the process of strategic disinvestment in 24 CPSEs including strategic privatization of Air India.
New Delhi, Jan 11 (IBNS): Foreign airlines will be allowed to invest up to 49 per cent in Air India via the approval route after the Union Cabinet chaired by Prime Minister Narendra Modi gave its approval to a number of amendments in the Foreign Direct Investment (FDI) Policy, according to media reports on Thursday.