Govt's CPSE privatisation programme kicks off after Tata Sons buys Air India - Check timeline of the sale
During the five-year period, the government received around Rs 5,000 crore from the privatisation of ten CPSEs.
Oct 09, 2021, 11:06 AM IST
Air India back in the hands of Tata Group after 68 years, wins bid for 18,000 crores
Tata's wholly owned subsidiary Tales Pvt Ltd made an enterprise value (EV) bid of Rs 18,000 crore, with debt of Rs 15,300 crore and a cash component of Rs 2,700 crore. Following which the Government of India on Friday announced Tata Group as the winning bidder for Air India.
Oct 08, 2021, 18:00 PM IST
Air India divestment: Govt likely to approve and announce name of final bidder
Tata Sons is expected to take over Maharaja and its massive fleet before the end of the year.
Oct 08, 2021, 09:44 AM IST
Air India’s 50% concession for senior citizen: Details here
These concessions are applicable on AIRINDIA operated flights and Alliance Air codeshare flights.
Dec 17, 2020, 18:47 PM IST
Air India employees bid for stake in cash-strapped national carrier
A group of 219 Air India (AI) employees has submitted the Expression of Intent (EOI) to purchase a stake in the loss-making national airline, according to Meenakshi Malik, who is Air India’s Commercial Director.
Dec 14, 2020, 22:45 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
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
Cabinet clears 49% investment through FDI route in Air India
Last year, the Cabinet Committee on Economic Affairs (CCEA) gave its in-principle nod for the strategic disinvestment of the airline.
Jan 10, 2018, 13:34 PM IST
Government seeks advisers for Air India disinvestment
It is looking for reputed investment bankers, merchant bankers, financial institutions and banks for providing advisory services and managing the strategic disinvestment process.
Sep 14, 2017, 11:09 AM IST
Parliamentary panel asks govt for details on Air India disinvestment decision
A Parliamentary panel has sought details from the government on giving in-principal approval to its divest stake in Air India even as modalities are being worked out for the proposed divestment to revive the debt- laden national carrier.
Jul 09, 2017, 17:47 PM IST
No immediate plan to divest stake in Air India: Govt
The government Thursday ruled out any immediate plan to divest stake in Air India or rope in a strategic partner for the loss-making national carrier.
Mar 05, 2015, 22:40 PM IST
