Air India Disinvestment

Friday, Apr 26, 2024 | Last Update : 10:53 AM IST

As a part of the deal, the Tata group will also be handed over Air India Express also. (Photo: PTI/File)

Air India likely to be handed over to Tata group by weekend

Tata Group had on October 8 last year acquired Air India for Rs 18,000 crore

24 Jan 2022 3:19 PM

The Air India sale is finally done with, fittingly, the Tatas back in the cockpit. (Photo: AFP/File)

Dilip Cherian | Disinvestment agenda gets a push: BPCL, LIC among targets

The protracted but ultimately successful Air India sale has recharged the government’s resolve to expedite its disinvestment efforts

21 Oct 2021 10:32 AM

Pandey said that the government is expecting disinvestment of BPCL in the last quarter as well. (Photo- BPCL)

After Air India, govt to disinvest BPCL, float LIC IPO by last quarter of FY22

Bharat Petroleum Corporation Ltd (BPCL) is another company that is on the divestment list of the government

14 Oct 2021 4:25 PM

An Air India aircraft is pictured at a terminal of the airport in Mumbai. (Photo: AFP/File)

Air India unions express concern over employee issues, write to MoCA secretary

They recalled that all unions have been promised their leave encashment

14 Oct 2021 10:01 AM

An Air India aircraft is pictured at a terminal of the airport in Mumbai. (Photo: AFP)

Work to monetise Alliance Air, three other Air India subsidiaries to start now

The govt on October 8 had announced that Tatas have won the bid to acquire Air India for Rs 18,000 crore

10 Oct 2021 1:56 PM

The total debt of Air India as of August 31 stands at Rs 61,562 crore. (PTI Image)

Tata Sons wins bid for acquiring national carrier Air India at Rs 18,000 cr

Tata Sons were up against Spicejet promoter Ajay Singh-led consortium who had bid Rs 15,100 crore

08 Oct 2021 4:57 PM

A possible sale would come at a time the airline industry is trying to recover from the slump in travel caused by restrictions aimed at containing the coronavirus pandemic. (PTI Photo)

Indian govt says no decision on Air India sale after report cites Tata Sons as winner

Earlier this month the finance ministry said it had received bids for the airline, but did not name the bidders

01 Oct 2021 3:43 PM

Air India is laden with a huge debt of around Rs 43,000 crores of which Rs 22,000 crores will also be transferred to the Air India Asset Holding Limited. (PTI Photo)

Tata Group makes financial bid for Air India sale

The government declined to share any details on expectations from the sale of Air India

15 Sep 2021 7:31 PM

Dilip Cherian | EC & UP: All 3 commissioners from state; Arora yet to find a role

Prepare for more babu surprises to emerge in and around Uttar Pradesh as the polls draw near

16 Jun 2021 9:14 AM

Government said no initial bids were received for the proposed strategic stake sale of the debt-laden airlines by the deadline on Thursday. (Photo: File)

No takers for Air India stake sale, bidding process ends

'Further course of action will be decided appropriately,' Ministry of Civil Aviation said.

31 May 2018 7:18 PM

The statement comes in the backdrop of potential bidders opting out of the Air India sale process, one after another, since the government came out with the terms of offer in the information memorandum. (Photo: File)

Probable bidders 'arm twisting' govt on Air India sale: Unions

A forum of 10 Air India unions also reiterated its opposition to the privatisation of the loss-making airline.

11 Apr 2018 7:33 PM

Once country's monopoly airline, Air India has slowly lost market share to new low-cost private players in one of the world's fastest-growing airline markets. (Photo: File)

Not participating in process: After IndiGo, Jet Airways rules out Air India bid

Air India ran losses for nearly a decade after a botched merger in 2007 and has debts of around USD 7.67 billion as per govt figures.

10 Apr 2018 2:26 PM

IndiGo had written to the civil aviation ministry expressing its interest to buy out Air India's flight operations, particularly the international services; however, such option was not available under the disinvestment plan. (Photo: File)

IndiGo pulls out of race to acquire national carrier Air India

IndiGo was one of the first players to show interest in Air India soon after the govt approved for its disinvestment in June 2017.

06 Apr 2018 10:22 AM

The information memorandum said the transaction will involve Air India, its low cost arm Air India Express and Air India SATS Airport Services Pvt Ltd. (Photo: File)

Govt plans to sell 76 pc stake in Air India, transfer management control

The Civil Aviation Ministry has sought Expression of Interest for the stake sale in the loss-making carrier and two of its subsidiaries.

28 Mar 2018 6:58 PM

The panel is also understood to have concluded that the equity infusion in the national carrier, as part of the turnaround plan (TAP), was made on a 'piece meal basis'. (Photo: File)

Don’t privatise Air India now, give 5 yrs to revive: Parliament panel draft report

The Committee also expressed apprehension that Air India's strategic disinvestment 'would result in job loss of many people'.

07 Jan 2018 3:11 PM

On June 28, the Union Cabinet had cleared disinvestment of debt-laden Air India but the final modalities would be decided by a group of ministers headed by Arun Jaitley. (File photo)

Don't want Air India to go down like Kingfisher, leave thousands jobless: Govt

‘We want the Air India to serve the nation, to serve the people and fly high,’ civil aviation minister says in Lok Sabha.

28 Dec 2017 4:29 PM

Air India seems to have found two more takers as SpiceJet and Jet Airways boarded the flight to bid for the debt-reeling airline. (File Photo)

SpiceJet, Jet Airways join the race for Air India disinvestment

A top Jet Airways executive acknowledged that the company was eyeing the debt-reeling national airline.

30 Nov 2017 4:28 PM

Seven firms are in competition to advise the government for the strategic sale of Air India and its subsidiaries. (File Photo)

7 firms in race to serve as Air India sale advisor

The DIPAM, in September, had invited applications for engaging two advisors and a legal advisor for Air India's disinvestment.

26 Oct 2017 6:14 PM

Debt-reeling national airline Air India will not be sold as a single unit, according to sources familiar with the development. (File Photo)

Air India to be sold off in parts, free from 'overall debt'

Earlier in the year, the Union Cabinet gave 'in-principle' nod to the disinvestment of the national carrier.

17 Oct 2017 5:47 PM