Air India to be privatised; Centre to sell 100% stake in the national carrier
Union Minister Hardeep Singh Puri on Thursday said that the government has decided to sell its entire 100 per cent stake in Air India under the proposed disinvestment process. The national carrier, which has been making a loss for long, has a debt burden of over Rs 50,000 crore.
Dec 12, 2019, 17:22 PM IST
Amit Shah-led ministerial panel discusses Air India disinvestment issues
Air India currently has a debt of nearly Rs 60,000 crore which includes long-term loan for aircraft purchase and working capital.
Sep 19, 2019, 16:44 PM IST
Key GoM meet on Air India to take up 10 major disinvestment issues
Employee package, including medical facilities to nearly 40,000 current and retired employees would also be on the agenda for discussion in the crucial meeting.
Sep 18, 2019, 14:40 PM IST
Air India Assets Holdings' Rs 7,000 cr bonds oversubscribed
The issue was oversubscribed with marquee market players SBI Bank, ICICI Securities, Axis Bank, ICICI Bank and SBI Capital buying it. Rating agency ICRA had given AIAHL bonds a "AAA "rating with stable outlook.
Sep 17, 2019, 11:16 AM IST
Govt eyes Rs 9,000 cr from sale of land, realty assets of Air India
The funds raised through sale of the properties would be used to reduce the Rs 29,000 crore debt, held in the SPV.
Dec 03, 2018, 18:20 PM IST
Air India bailout plan not alternative to divestment: CMD
He said discussions are in advanced stage for transferring Rs 29,000 crore out of Air India's near Rs 55,000 crore total debt to a special purpose vehicle (SPV).
Nov 15, 2018, 13:18 PM IST
Air India fails to draw a single bid so far
Prime Minister Narendra Modi`s government announced a plan in March to divest a 76 percent stake in Air India and offload about $5.1 billion of its debt.
May 31, 2018, 17:25 PM IST
Tata Group unlikely to bid for Air India as terms too onerous
India, keen to sell the loss-making, debt-ridden airline, finalised plans in late March to divest a 76 percent stake and offload about $5.1 billion of its debt.
Apr 11, 2018, 13:59 PM IST
Air India sale a scam in the making, will file complaint if I find culpability: Subramanian Swamy
Swamy has threatened to file a complain if he finds anything wrong with the deal.
Mar 31, 2018, 21:45 PM IST
UPA made the Maharaja a beggar, we are restoring his glory: Minister on Air India sale
He said the airline would be kept independent after the stake sale.
Mar 29, 2018, 21:09 PM IST
Air India to be split into 4 entities ahead of sale: Jayant Sinha
Last week, India had cleared a proposal to allow foreign investors to own up to 49 percent in the carrier.
Jan 15, 2018, 17:31 PM IST
Air India to sell 2 properties to SBI, may fetch Rs 50 crore
Saddled with more than Rs 50,000 crore debt, Air India recently sought loans worth over Rs 1,500 crore to meet working capital requirements.
Nov 05, 2017, 13:47 PM IST
Could be wise to write off some Air India debt: Panagariya
Outgoing Niti Aayog Vice Chairman Arvind Panagariya has said that writing off some debt of Air India, so as to make it attractive to prospective investors, could be a "wise" move.
Aug 09, 2017, 15:24 PM IST
Govt looking at all options for Air India's revival including privatisation: Jayant Sinha
The debt-laden Air India is staying afloat on taxpayers' money and the government is looking at all options for its revival, including privatisation.
Jun 20, 2017, 14:12 PM IST
Air India reduces debt by Rs 5,000 crore last fiscal
As it works towards becoming fully profitable ahead of its schedule under the 10-year turnaround plan, the carrier has brought down its debt to around Rs 46,000 crore at the end of March this year.
Oct 19, 2016, 21:30 PM IST
Air India to sell assets worth nearly Rs 250 crore
Debt-laden Air India plans to sell properties and land parcels worth nearly Rs 250 crore spread across three cities.
Jul 17, 2015, 16:01 PM IST
