Divestment

Air India Debt To Be Transferred To Special Purpose Vehicle: Official

Business | Indo-Asian News Service | Friday November 30, 2018

Decision to transfer the Rs 29,000-crore debt to Air India Assets Holding was taken by an inter-ministerial panel, says official.

Air India Bailout Plan Not Alternative To Divestment, Says Chairman 

India News | Press Trust of India | Wednesday November 14, 2018

The government's proposed move to pare Rs 29,000 crore of Air India's debt is a short-term measure and not an alternative to divestment plans, the national carrier's Chairman and Managing Director Pradeep Singh Kharola said on Wednesday.

Government Owes 1,146.86 Crore Rupees To Air India For VVIP Charter Flights

Business | Press Trust of India | Sunday September 30, 2018

The Comptroller and Auditor General had flagged the issue of pending payments from the government to Air India in its report in 2016.

SoftBank Boosts Earnings With Tech Investment Sales, Including Flipkart Stake

Reuters | Tuesday August 7, 2018

SoftBank said earnings were boosted by the sale of its stake in Flipkart in the first public divestment by the conglomerate's massive Vision Fund.

Air India Disinvestment: No plan To Sell Off Entire Government Stake, Says Jayant Sinha

Business | Indo-Asian News Service | Thursday August 2, 2018

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

Kumar Mangalam Birla, YC Deveshwar Now Part Of Air India Board

India News | Press Trust of India | Wednesday August 1, 2018

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.

Government Mulls Injecting Fresh Capital Into Air India

Business | Indo-Asian News Service | Friday July 6, 2018

Civil Aviation Secretary R. N. Choubey said a decision on infusing fresh capital in Air India would be taken very soon.

Air India Looks Forward To Additional Rs 1,000 Crore Revenue After Revamp Of Premium Seats

Business | NDTV Profit Team | Saturday June 23, 2018

As of now, the occupancy rate of business and first class seats in Air India is a modest 60 percent in the flights to North America and Europe.

Government Receives Bids For Pawan Hans' Divestment

Business | Indo-Asian News Service | Thursday June 21, 2018

On April 13, the Union government had invited Expression of Interest to divest its 51 per cent stake in Pawan Hans.

"Air India Stake Sale Review Soon," Says Centre After Plan Put On Hold

India News | Edited By Swati Bhasin (with inputs from agencies) | Wednesday June 20, 2018

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.

Air India Stake Sale Not Happening For Now: Five Things To Know

Business | NDTV Profit Team | Tuesday June 19, 2018

Air India stake sale: Air India will very soon get funds from the government for its day to day operations, says the official.

Government Open To Listing Air India After Failed Divestment: Source

World News | Reuters | Thursday June 14, 2018

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.

Air India Seeks Rs 1,500 Crore Short-Term Loan To Meet Working Capital Requirements

India News | Indo-Asian News Service | Thursday June 7, 2018

National passenger carrier Air India has invited bids from financial institutions and banks for a Rs 1,000-crore government guarantee-backed Short Term Loan (STL).

After Failing To Evoke Buyers' Interest, Air India Seeks Restoration Of Equity Infusion From Centre

Business | Press Trust of India | Sunday June 3, 2018

Air India has already received more than Rs 26,000 crore under the bailout package announced by the former UPA government in April 2012

Air India Employees' Union Preparing Alternative Plan To Revive Airline

India News | Press Trust of India | Friday June 1, 2018

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.