India Disinvestment
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Will Air India Continue To Be National Airline? What Minister Told NDTV
Air India returned to the Tata Group after nearly 70 years yesterday. The salt-to-steel conglomerate won the bid to take over Air India in October, after years of struggle by the government to privatise the airline.
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"Reset": What Anand Mahindra Said On Tata Sons Winning Air India Bid
Industrialist Anand Mahindra has welcomed the government's announcement of Tata Sons winning the bid for Air India, saying the disinvestment of the national carrier amounts to a "reset" of the Indian business environment.
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Disinvestment Process Of Air India Is On Track: Jyotiraditya Scindia
Union Civil Aviation Minister Jyotiraditya Scindia on Thursday said the disinvestment process of national carrier Air India was on the "right track".
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Choice "Between Disinvestment And Closing Down": Minister On Air India
Air India will be "100 per cent disinvested" and it "must find a new home", Civil Aviation Minister Hardeep Puri said today on the disinvestment process of the debt-ridden national carrier. He said prospective buyers have been given 64 days to come with their bids.
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"Rumours Of Shutdown Baseless, Will Continue To Fly": Air India Chief
Air India chief Ashwani Lohani on Saturday said that "rumours" of the disinvestment-bound airline's shutdown are "all baseless", weeks after he told the Civil Aviation Ministry that the carrier's financial situation was "grossly untenable" for sustaining operations.
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"Air India Needs To Survive Till It Is Sold," Says Airline Chief
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".
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Centre To Go Ahead With Disinvestment Process Of Air India: Aviation Ministry
Continued support from the government has resulted in an improvement of the financial and operational performances of Air India and the Centre has decided to go ahead with the process of its disinvestment, the Ministry of Civil Aviation said today.
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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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Air India To Raise Rs 500 Crore Through Short-Term Loans
National carrier Air India is looking to raise Rs 500 crore through short-term borrowings to meet its working capital requirements. The short-term loan (STL) will be drawn in September in one or more tranches, according to the bid document.
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Air India Disinvestment To Not Happen In Near Future: Government Official
The disinvestment of loss-making Air India will not happen in "near future", a senior government official today told a Parliamentary panel, according to sources.
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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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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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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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Government Issues Clarifications On Air India Stake Sale
The government today came out with a set of clarifications on the proposed strategic disinvestment in Air India and said individuals other than the airline's employees would not be allowed to bid.
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Will Air India Continue To Be National Airline? What Minister Told NDTV
Air India returned to the Tata Group after nearly 70 years yesterday. The salt-to-steel conglomerate won the bid to take over Air India in October, after years of struggle by the government to privatise the airline.
-
"Reset": What Anand Mahindra Said On Tata Sons Winning Air India Bid
Industrialist Anand Mahindra has welcomed the government's announcement of Tata Sons winning the bid for Air India, saying the disinvestment of the national carrier amounts to a "reset" of the Indian business environment.
-
Disinvestment Process Of Air India Is On Track: Jyotiraditya Scindia
Union Civil Aviation Minister Jyotiraditya Scindia on Thursday said the disinvestment process of national carrier Air India was on the "right track".
-
Choice "Between Disinvestment And Closing Down": Minister On Air India
Air India will be "100 per cent disinvested" and it "must find a new home", Civil Aviation Minister Hardeep Puri said today on the disinvestment process of the debt-ridden national carrier. He said prospective buyers have been given 64 days to come with their bids.
-
"Rumours Of Shutdown Baseless, Will Continue To Fly": Air India Chief
Air India chief Ashwani Lohani on Saturday said that "rumours" of the disinvestment-bound airline's shutdown are "all baseless", weeks after he told the Civil Aviation Ministry that the carrier's financial situation was "grossly untenable" for sustaining operations.
-
"Air India Needs To Survive Till It Is Sold," Says Airline Chief
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".
-
Centre To Go Ahead With Disinvestment Process Of Air India: Aviation Ministry
Continued support from the government has resulted in an improvement of the financial and operational performances of Air India and the Centre has decided to go ahead with the process of its disinvestment, the Ministry of Civil Aviation said today.
-
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.
-
Air India To Raise Rs 500 Crore Through Short-Term Loans
National carrier Air India is looking to raise Rs 500 crore through short-term borrowings to meet its working capital requirements. The short-term loan (STL) will be drawn in September in one or more tranches, according to the bid document.
-
Air India Disinvestment To Not Happen In Near Future: Government Official
The disinvestment of loss-making Air India will not happen in "near future", a senior government official today told a Parliamentary panel, according to sources.
-
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.
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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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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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Government Issues Clarifications On Air India Stake Sale
The government today came out with a set of clarifications on the proposed strategic disinvestment in Air India and said individuals other than the airline's employees would not be allowed to bid.
