Civil Aviation Minister Hardeep Singh Puri said on Saturday that Air India will be completely disinvested and added that the choice is only between disinvestment or closing down the airline company. “We’ve decided that Air India will be 100% disinvested.…
According to a report, the government may receive around Rs 15,000 crore from the sale of Air India, its subsidiary Air India Express and AISATS. Potential bidders are attributing zero value to the equity of the financially troubled company, with…
The Finance Minister Of India Nirmala Sitharaman announced today that the government is going to monetise state-run airports in Tier-2 and Tier-3 cities for operations and management in Union Budget-2021-22. “Next lot of airports to be monetised for operations and…
National carrier Air India has directed all its employees, who are interested in the bid and have submitted an expression of interest (EoI) for participating in the bid for strategic disinvestment of the airline, to refrain from handling policy and…
The Civil Aviation Minister, Hardeep Singh Puri said on Tuesday said that due to the huge debt and losses on the national carrier Air India, the government has the choice of either privatizing it or shut it down. While speaking…
Civil Aviation Minister Hardeep Singh Puri on Saturday while Addressing a virtual meet on Namo app said the govt should not be running airports and airlines. The privatisation process of the Air India should be done within this year (2020).…
The government of India has extends the deadline by two months for placing bids for Air India till October 30 as the COVID-19 fallout has disrupted economic activity globally. The process of stake sale in the national carrier was initiated…
More than half a dozen companies, such as the Hinduja Group, German Lufthansa, the UAE’s Etihad Airways, Singapore Airlines, and the Tata Group, maybe in the list of buyers as the government accelerated selling Air India (AI), as per the…
It is getting louder that the Tata Group could be in the cockpit of Air India as early as the New Year if it is the only eligible bidder for India’s national airline. The deadline for the final submission of…
Some airlines can shutdown in India due to lack of money if the govt doesn’t intervene, aviation consultancy firm Centre for Asia Pacific Aviation (CAPA) has warned. The situation is worrisome as Indian carriers saw a 12-15 percent dip in…
