Air India Disinvestment Plan

Recently, the Centre successfully disinvested a 100 per cent stake to Tata Sons of Air India, but pending dues by Air India need to be noted to the new owner.

IMF has said the sale of national carrier Air India will constitute an "important milestone" in India's privatisation efforts

Government will start work on monetising Air India's four subsidiaries, including Alliance Air and non-core assets like land and building

The proposed handover is a key victory for Prime Minister Narendra Modi, who has embarked on a bold privatization plan to plug a widening budget deficit.

On September 15, Tata Sons and SpiceJet Chairman Ajay Singh officially submitted their final bids to buy India's flag carrier Air India, raising hopes that the disinvestment process of the loss-making airline will be completed in this financial year. Besides 100 per cent stake in the national airline, the potential buyer will get Air India's 100 pe...

Air India has been on sale since 2017 when Prime Minister Narendra Modi's cabinet signed off on a plan to sell all or part of the debt-ridden carrier.

The government is considering allowing potential suitors for Air India decide how much of the flag carrier's debt they want to take on as part of the deal, Disinvestment Secretary Tuhin Kanta Pandey said.

Union Civil Aviation Minister Hardeep Singh Puri on Saturday said that he has never been as "hopeful and confident" on Air India's divestment or disinvestment as he is now.

The Civil Aviation Ministry on Tuesday said it would ensure that Air India continues to operate uninterruptedly and improve its operations even as the government plans to go ahead with the national carrier's disinvestment process.

As the central government is planning to invite bids for Air India soon, its CMD said on Saturday that expecting a radical improvement in the airline bordering on a turnaround is an impractical thought "in this environment of disinvestment".

Air India, which is surviving on Rs 30,000 croretaxpayer-funded bailout, has failed to maintain its market dominance as a slew of carriers including InterGlobe Aviation and SpiceJet started to offer ultra-cheap, on-time flights more than a decade ago.

Indicating that the Air India disinvestment plan is very much on even in the middle of the general elections, the government wants almost 700 airline employees in the posh Vasant Vihar colony in south Delhi to look for alternate accommodation.

The government was forced to shelf plans to sell national airline Air India last year after failing to attract a single bidder.

The revival plan for debt-laden national carrier Air India is going through the government's approval process, an official said on Thursday.

The government had invited Expression of Interest (EoI) on March 28 this year for disinvestment of Air India.

Recently, the Centre successfully disinvested a 100 per cent stake to Tata Sons of Air India, but pending dues by Air India need to be noted to the new owner.

IMF has said the sale of national carrier Air India will constitute an "important milestone" in India's privatisation efforts

Government will start work on monetising Air India's four subsidiaries, including Alliance Air and non-core assets like land and building

The proposed handover is a key victory for Prime Minister Narendra Modi, who has embarked on a bold privatization plan to plug a widening budget deficit.

On September 15, Tata Sons and SpiceJet Chairman Ajay Singh officially submitted their final bids to buy India's flag carrier Air India, raising hopes that the disinvestment process of the loss-making airline will be completed in this financial year. Besides 100 per cent stake in the national airline, the potential buyer will get Air India's 100 pe...

Air India has been on sale since 2017 when Prime Minister Narendra Modi's cabinet signed off on a plan to sell all or part of the debt-ridden carrier.

The government is considering allowing potential suitors for Air India decide how much of the flag carrier's debt they want to take on as part of the deal, Disinvestment Secretary Tuhin Kanta Pandey said.

Union Civil Aviation Minister Hardeep Singh Puri on Saturday said that he has never been as "hopeful and confident" on Air India's divestment or disinvestment as he is now.

The Civil Aviation Ministry on Tuesday said it would ensure that Air India continues to operate uninterruptedly and improve its operations even as the government plans to go ahead with the national carrier's disinvestment process.

As the central government is planning to invite bids for Air India soon, its CMD said on Saturday that expecting a radical improvement in the airline bordering on a turnaround is an impractical thought "in this environment of disinvestment".

Air India, which is surviving on Rs 30,000 croretaxpayer-funded bailout, has failed to maintain its market dominance as a slew of carriers including InterGlobe Aviation and SpiceJet started to offer ultra-cheap, on-time flights more than a decade ago.

Indicating that the Air India disinvestment plan is very much on even in the middle of the general elections, the government wants almost 700 airline employees in the posh Vasant Vihar colony in south Delhi to look for alternate accommodation.

The government was forced to shelf plans to sell national airline Air India last year after failing to attract a single bidder.

The revival plan for debt-laden national carrier Air India is going through the government's approval process, an official said on Thursday.

The government had invited Expression of Interest (EoI) on March 28 this year for disinvestment of Air India.