Air India Disinvestment
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Coronavirus Lockdown: Air India pilot unions urge govt to provide financial support to clear wage backlog
•Air India's pilot unions IPG and ICPA has urged Civil Aviation Minister Hardeep Singh Puri to "urgently" provide financial support to the national carrier amid private airlines' cry for a bailout package in the wake of the COVID-19 outbreak
Air India divestment process looks very uncertain due to COVID-19 crisis, says CRISIL
•The disinvestment process for national carrier Air India looks "very uncertain" in the wake of the coronavirus pandemic that has impacted the aviation sector the most globally, according to rating agency CRISIL
Air India disinvestment process going on 'extremely well'; govt may extend initial bids deadline: Aviation minister Hardeep Singh Puri
•Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be extended even as he emphasised that the disinvestment process is going on "extremely well"
'We are evaluating Air India', says Vistara chairman Bhaskar Bhat on national carrier's disinvestment
•Vistara, a joint venture between India’s Tata Group and Singapore Airlines, is considering a bid for the government’s stake in state-run carrier Air India, Vistara’s chairman said on Monday, according to local media reports
Tata Group likely to bid for Air India in partnership with Singapore Airlines; eyes merger of Air India Express, Air Asia India
Fp Staff •While Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.
Air India along with Air India Express 'great asset'; employees dues will be paid before disinvestment: Hardeep Singh Puri
Fp Staff •The government on Monday announced the sale of 100% stake in the debt-laden Air India as it issued the PIM for the strategic disinvestment and has set 17 March, as the deadline for submitting EoI.
If I were not a minister today, I would be bidding for Air India; assets make airline a goldmine: Piyush Goyal
•Air India has been in the red for long and the government is now in the process of finalising the contours for its disinvestment.
Air India to set up panel to address privatisation-related issues of employees; airline staff dues to be paid fully: Report
•At a meeting between the minister and representatives of over a dozen Air India unions in New Delhi on Monday, the minister also "assured" the employees of full payment of their arrears, according to the source.
'Rumours of Air India's shutdown baseless, national carrier will continue to fly, says CMD Ashwani Lohani
•While Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.
Weeks after calling Air India's financial situation untenable, CMD Ashwani Lohani calls rumours of shutdown 'baseless'
•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.