Air India Equity
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Tata's Air India Proposes To Buy AirAsia India
Tata Group-owned Air India has proposed to buy the entire equity share capital of low cost carrier AirAsia India, in which Tata has a majority stake, to merge into a single airline, according to an application with India's competition commission.
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Government To Infuse Rs 1,500 Crore Into Air India Next Week
The Central government will infuse a fresh equity of Rs 1,500 crore into national passenger carrier Air India early next week, a senior official said on Friday.
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Centre Seeks Rs 2,345 Crore Equity Infusion From Parliament For Air India
The government on Thursday sought approval from Parliament for equity infusion worth Rs 2,345 crore into struggling Air India and another Rs 1,300 crore for Air India Asset Holding.
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Proposed Coal Power Plant A Threat To Delhi's Air Quality: Report
The Tehri Hydro Development Corporation's (THDC) proposed Khurja coal power plant in Uttar Pradesh will push up the cost of electricity and increase air pollution levels in Delhi, says a report by a research institute today. THDC India Limited (THDCIL), formerly known as Tehri Hydro Development Corporation Ltd, is a joint venture of the Centre and ...
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Kumar Mangalam Birla, YC Deveshwar Now Part Of Air India Board
The government today inducted corporate bigwigs Kumar Mangalam Birla and YC Deveshwar to the Air India board, a day after seeking Parliament's approval for supplementary grant for equity infusion in the loss-making national carrier.
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Centre Seeks Parliament Nod To Inject $143 Million In Air India
The government has "sought funds for infusion of equity in Air India under (its) turnaround plan," a statement tabled in Lok Sabha said.
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Air India Seeks Over Rs 2,100 Crore From Centre To Pay Vendors: Report
State-owned carrier Air India has sought 21.21 billion rupees ($309 million) of additional equity from the government for the fiscal year 2018-19 to make pending payments to its vendors, a source at the airline told Reuters on Monday.
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Government To Sell 76% Stake In Air India, Give Up Management Control
The government today took the first step towards divesting the debt-ridden Air India, releasing an Expression of Interest and appointing multinational consultancy firm Ernst & Young as its advisor for the process, which is expected to be completed by December. The government has proposed to transfer management control of Air India along with the 76...
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FDI Okayed For Air India, Congress Says Government Doesn't Care
The Narendra Modi government today opened the doors for foreign investment in Air India -- a move that is expected to expedite the divestment process of the debt-ridden national carrier. Under the plan cleared by the cabinet this morning, foreign airlines will be able to make up to 49 per cent direct investment in Air India, leaving the control of ...
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Government to Infuse Additional Rs 800 Crore Into Air India
The Finance Ministry has sought Parliament's nod for making an additional equity infusion into Air India worth Rs 800 crore, less than half the amount sought by the Civil Aviation Ministry for the national carrier.
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Statement from Prime Minister's Office on Jet-Etihad deal
Response to Media Reports on India- UAE (Abu Dhabi) Bilateral Air Services Agreement There have been media reports over the last few days on the India- UAE (Abu Dhabi) Bilateral Air Services Agreement and on the Jet Airways-Etihad equity stake proposal. Some of these reports have inferred that PMO is playing a role in the Jet Airways-Etihad proposa...
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Govt mulling Rs 30,000 crore bailout package for Air India
Seeking to turnaround the cash-strapped Air India, the government is considering a nearly Rs 30,000 crore package for the national carrier over a period of 10 years, official sources said tonight.
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Expert panel meets today to discuss Air India turnaround
A Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee will meet today to look at the turnaround plan for Air India, in particular at an additional equity infusion of Rs 6000 crore. Most importantly, the GoM will also discuss whether the airline will go ahead with the purchase of the 27 Boeing 787s (the Dreamliner).
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Cabinet clears Rs 1200 crore bail-out package for Air India
Air India today got a fresh equity infusion of Rs 1200 crore in the third instance of financial assistance to the beleaguered national carrier from the government.
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Air India to get Rs 800 crore equity: Patel
The ailing state-run carrier Air India is all set to get a fresh lease of life.
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Tata's Air India Proposes To Buy AirAsia India
Tata Group-owned Air India has proposed to buy the entire equity share capital of low cost carrier AirAsia India, in which Tata has a majority stake, to merge into a single airline, according to an application with India's competition commission.
-
Government To Infuse Rs 1,500 Crore Into Air India Next Week
The Central government will infuse a fresh equity of Rs 1,500 crore into national passenger carrier Air India early next week, a senior official said on Friday.
-
Centre Seeks Rs 2,345 Crore Equity Infusion From Parliament For Air India
The government on Thursday sought approval from Parliament for equity infusion worth Rs 2,345 crore into struggling Air India and another Rs 1,300 crore for Air India Asset Holding.
-
Proposed Coal Power Plant A Threat To Delhi's Air Quality: Report
The Tehri Hydro Development Corporation's (THDC) proposed Khurja coal power plant in Uttar Pradesh will push up the cost of electricity and increase air pollution levels in Delhi, says a report by a research institute today. THDC India Limited (THDCIL), formerly known as Tehri Hydro Development Corporation Ltd, is a joint venture of the Centre and ...
-
Kumar Mangalam Birla, YC Deveshwar Now Part Of Air India Board
The government today inducted corporate bigwigs Kumar Mangalam Birla and YC Deveshwar to the Air India board, a day after seeking Parliament's approval for supplementary grant for equity infusion in the loss-making national carrier.
-
Centre Seeks Parliament Nod To Inject $143 Million In Air India
The government has "sought funds for infusion of equity in Air India under (its) turnaround plan," a statement tabled in Lok Sabha said.
-
Air India Seeks Over Rs 2,100 Crore From Centre To Pay Vendors: Report
State-owned carrier Air India has sought 21.21 billion rupees ($309 million) of additional equity from the government for the fiscal year 2018-19 to make pending payments to its vendors, a source at the airline told Reuters on Monday.
-
Government To Sell 76% Stake In Air India, Give Up Management Control
The government today took the first step towards divesting the debt-ridden Air India, releasing an Expression of Interest and appointing multinational consultancy firm Ernst & Young as its advisor for the process, which is expected to be completed by December. The government has proposed to transfer management control of Air India along with the 76...
-
FDI Okayed For Air India, Congress Says Government Doesn't Care
The Narendra Modi government today opened the doors for foreign investment in Air India -- a move that is expected to expedite the divestment process of the debt-ridden national carrier. Under the plan cleared by the cabinet this morning, foreign airlines will be able to make up to 49 per cent direct investment in Air India, leaving the control of ...
-
Government to Infuse Additional Rs 800 Crore Into Air India
The Finance Ministry has sought Parliament's nod for making an additional equity infusion into Air India worth Rs 800 crore, less than half the amount sought by the Civil Aviation Ministry for the national carrier.
-
Statement from Prime Minister's Office on Jet-Etihad deal
Response to Media Reports on India- UAE (Abu Dhabi) Bilateral Air Services Agreement There have been media reports over the last few days on the India- UAE (Abu Dhabi) Bilateral Air Services Agreement and on the Jet Airways-Etihad equity stake proposal. Some of these reports have inferred that PMO is playing a role in the Jet Airways-Etihad proposa...
-
Govt mulling Rs 30,000 crore bailout package for Air India
Seeking to turnaround the cash-strapped Air India, the government is considering a nearly Rs 30,000 crore package for the national carrier over a period of 10 years, official sources said tonight.
-
Expert panel meets today to discuss Air India turnaround
A Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee will meet today to look at the turnaround plan for Air India, in particular at an additional equity infusion of Rs 6000 crore. Most importantly, the GoM will also discuss whether the airline will go ahead with the purchase of the 27 Boeing 787s (the Dreamliner).
-
Cabinet clears Rs 1200 crore bail-out package for Air India
Air India today got a fresh equity infusion of Rs 1200 crore in the third instance of financial assistance to the beleaguered national carrier from the government.
-
Air India to get Rs 800 crore equity: Patel
The ailing state-run carrier Air India is all set to get a fresh lease of life.
