Divestment

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.

No Bids For Air India So Far, Won't Extend Deadline: Aviation Secretary

India News | Reuters | Wednesday May 30, 2018

The government has not received any bids so far for its stake in state-run carrier Air India, the civil aviation secretary told TV channels, a day before the formal bidding process closes.

Air India Offers Select International Flight Tickets On Sale. Details Here

Business | NDTV Profit Team | Tuesday May 22, 2018

The travel period, Air India said, is with immediate effect till June 30; from August 1 to September 30; and from November 12 till December 7, 2018.

Government Might Not Sell Air India If Bids Below Floor Price

Business | Indo-Asian News Service | Tuesday May 22, 2018

As per the process timeline, the submission deadline for the 'Express of Interest' bids has been extended to May 31, 2018.

Air India Might Shut Down If Divestment Bid Fails: Consulting Firm CAPA India

Business | Indo-Asian News Service | Saturday May 5, 2018

Recently the government extended the submission deadline for the EOI bids under Air India's divestment process to May 31

Air India Divestment: Government Extends Deadline To Receive Initial Bids

Business | Thomson Reuters | Tuesday May 1, 2018

Government has extended the deadline to receive bids for Air India to May 31 from May 14.

7 Reasons Why Government's Air India Sale Could Be A Non-Starter

India News | Anurag Kotoky, Bloomberg | Friday April 13, 2018

Narendra Modi's boldest asset sale yet is the proposed divestment of Air India, the nation's money-losing flag carrier, has run into rough weather after some of the potential bidders opted out upset with the government's terms.

Who Wants Air India? After IndiGo, Jet Airways Says "Not Me"

India News | Agence France-Presse | Tuesday April 10, 2018

Jet Airways on Tuesday became the latest major airline to rule out a bid for debt-laden national carrier Air India in a new blow to the government's privatisation plans.

Air India Stake Sale: Swiss Aviation Consulting Denies Bidding For National Carrier

Business | Thomson Reuters | Monday April 9, 2018

Swiss Aviation Consultancy (SAC) said it has not been in contact with Indian government officials or Air India representatives regarding bidding