Air India Stake
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Singapore Airlines To Get 25.1 Per Cent Stake In Air India Group: Report
Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million (USD 267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group.
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Read Tata Group's Full Statement On Air India-Vistara Merger
Vistara Airlines will be merged with the Tata group-owned Air India, said a release by the Tata Group today. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines.
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Rakesh Jhunjhunwala's Last Public Appearance Was On Akasa Air's 1st Flight
Rakesh Jhunjhunwala, who held 40 per cent stake in Akasa Air, appeared publicly for the last time at the airline's inaugural flight between Mumbai and Ahmedabad on August 7.
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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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India Open To Selling Part Of Air India To Foreign Airline: Report
India is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said on Wednesday.
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Plan To Revive Air India Going Through Government Approval: Jayant Sinha
The revival plan for debt-laden national carrier Air India is going through the government's approval process, an official said on Thursday.
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Centre To Revisit Air India Stake Sale After Oil prices Stabilise
Saying that the present environment is "not conducive" for it, Minister of State for Civil Aviation Jayant Sinha told Rajya Sabha that the issue would be revisited once global economic indicators, including oil prices and forex conditions stabilize.
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Government Did What It Could With "Sincerity" For Air India: PM Modi
Prime Minister Narendra Modi has said the government has done what it had to with "utmost sincerity" for Air India and emphasized the need to differentiate between lack of response to one sale offer and a policy decision.
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Revamped Business Class, New Menu: Air India Plans After Stake Sale Flop
State-run Air India will revamp its business and first class cabins on international flights to try to boost revenues by wooing more high-paying passengers, a top official from the airline said on Friday, days after a plan to privatise the ailing airline was called off.
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"Air India Stake Sale Review Soon," Says Centre After Plan Put On Hold
The government will soon review the plan for strategic disinvestment of Air India, Union Minister Jayant Sinha said today, a day after the centre said it has decided to put the stake sale in the national carrier on hold.
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Centre Puts Off Air India Stake Sale For Now, Says Senior Official
The government has decided not to go ahead with Air India stake sale in an election year and will provide required funds for its operations, a senior official said today. The decision comes less than 3 weeks after the proposed 76 per cent strategic stake sale in debt laden national carrier failed to attract any bidder.
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Government Open To Listing Air India After Failed Divestment: Source
The central government is open to listing ailing state carrier Air India, a government source said on Wednesday, after failing to attract buyers for a 76 percent stake in the company.
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For Third Month In A Row, Air India Employees Go Without Salary
Air India, which has failed to get a single bidder for its disinvestment plan, has delayed its employees' salaries for the third consecutive month, sources say.
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Air India Employees' Union Preparing Alternative Plan To Revive Airline
Air India's employee unions today said they were preparing an alternative plan to revive the debt-laden national carrier, a day after the government announced that not a single bid had been received for the proposed stake sale in the loss-making airline.
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Government May Relook At Air India Stake Sale Strategy: Minister
The civil aviation ministry today said it was expecting better participation for the Air India stake sale and indicated that there could be a rethink on the strategy after the disinvestment failed to attract any initial bids.
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Singapore Airlines To Get 25.1 Per Cent Stake In Air India Group: Report
Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million (USD 267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group.
-
Read Tata Group's Full Statement On Air India-Vistara Merger
Vistara Airlines will be merged with the Tata group-owned Air India, said a release by the Tata Group today. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines.
-
Rakesh Jhunjhunwala's Last Public Appearance Was On Akasa Air's 1st Flight
Rakesh Jhunjhunwala, who held 40 per cent stake in Akasa Air, appeared publicly for the last time at the airline's inaugural flight between Mumbai and Ahmedabad on August 7.
-
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.
-
India Open To Selling Part Of Air India To Foreign Airline: Report
India is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said on Wednesday.
-
Plan To Revive Air India Going Through Government Approval: Jayant Sinha
The revival plan for debt-laden national carrier Air India is going through the government's approval process, an official said on Thursday.
-
Centre To Revisit Air India Stake Sale After Oil prices Stabilise
Saying that the present environment is "not conducive" for it, Minister of State for Civil Aviation Jayant Sinha told Rajya Sabha that the issue would be revisited once global economic indicators, including oil prices and forex conditions stabilize.
-
Government Did What It Could With "Sincerity" For Air India: PM Modi
Prime Minister Narendra Modi has said the government has done what it had to with "utmost sincerity" for Air India and emphasized the need to differentiate between lack of response to one sale offer and a policy decision.
-
Revamped Business Class, New Menu: Air India Plans After Stake Sale Flop
State-run Air India will revamp its business and first class cabins on international flights to try to boost revenues by wooing more high-paying passengers, a top official from the airline said on Friday, days after a plan to privatise the ailing airline was called off.
-
"Air India Stake Sale Review Soon," Says Centre After Plan Put On Hold
The government will soon review the plan for strategic disinvestment of Air India, Union Minister Jayant Sinha said today, a day after the centre said it has decided to put the stake sale in the national carrier on hold.
-
Centre Puts Off Air India Stake Sale For Now, Says Senior Official
The government has decided not to go ahead with Air India stake sale in an election year and will provide required funds for its operations, a senior official said today. The decision comes less than 3 weeks after the proposed 76 per cent strategic stake sale in debt laden national carrier failed to attract any bidder.
-
Government Open To Listing Air India After Failed Divestment: Source
The central government is open to listing ailing state carrier Air India, a government source said on Wednesday, after failing to attract buyers for a 76 percent stake in the company.
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For Third Month In A Row, Air India Employees Go Without Salary
Air India, which has failed to get a single bidder for its disinvestment plan, has delayed its employees' salaries for the third consecutive month, sources say.
-
Air India Employees' Union Preparing Alternative Plan To Revive Airline
Air India's employee unions today said they were preparing an alternative plan to revive the debt-laden national carrier, a day after the government announced that not a single bid had been received for the proposed stake sale in the loss-making airline.
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Government May Relook At Air India Stake Sale Strategy: Minister
The civil aviation ministry today said it was expecting better participation for the Air India stake sale and indicated that there could be a rethink on the strategy after the disinvestment failed to attract any initial bids.
