Air India Sale: AI union moves Madras HC against disinvestment
Air India Union has moved to the Madras High Court over the decision to disinvest the national carrier without protecting the interests of its workers.
Dec 03, 2021, 22:23 PM IST
Air India-Tata deal: AI unions raise concerns about cash, accommodation, other benefits
Air India Unions wrote a joint letter to Secretary of Ministry of Civil Aviation, raising their concerns related to cash, leave, medical benefits, accommodation of employees and arrears, among others.
Oct 13, 2021, 22:32 PM IST
Tata buys Air India: What will happen to AI employees after acquisition? Check here
Tata Sons will retain all Air India employees at least for one year.
Oct 08, 2021, 23:54 PM IST
In good hands: Twitter reacts to Tata Sons’ buyout of Air India
Tata Group has won the bid for buying Air India from the Indian government. Tata Group chairman emeritus Ratan N Tata said, “Welcome back, Air India.”
Oct 08, 2021, 19:21 PM IST
Air India back in the hands of Tata Group after 68 years, wins bid for 18,000 crores
Tata's wholly owned subsidiary Tales Pvt Ltd made an enterprise value (EV) bid of Rs 18,000 crore, with debt of Rs 15,300 crore and a cash component of Rs 2,700 crore. Following which the Government of India on Friday announced Tata Group as the winning bidder for Air India.
Oct 08, 2021, 18:00 PM IST
Air India Disinvestment: From Centre buying carrier to saying ‘Tata’, check airline’s journey so far
Tata Sons is all set to buy the debt-laden Air India from the Indian government.
Oct 08, 2021, 17:30 PM IST
Air India sale: Tata, SpiceJet chief Ajay Singh put in financial bids
Civil Aviation Minister Jyotiraditya Scindia on Thursday said that the government has received bids for the Air India disinvestment.
Sep 16, 2021, 17:22 PM IST
Air India sale: Final bids for disinvestment today, Tata also in the race
The government has initiated the process of financial bids for the debt-laden national carrier Air India (AI) on Wednesday as Aviation Minister Jyotiraditya Scindia made it clear that the September 15 date for the process is fixed and will not change.
Sep 15, 2021, 11:09 AM IST
Air India Privatisation: US Based Fund Interups, Tata Sons among prime bidders
Debt-laden Air India has now become a test case on how to get investor interest in adversarial market conditions.
Dec 14, 2020, 15:09 PM IST
Air India Privatisation: Tata Group likely to file Expression of Interest today
Debt-laden Air India has now become a test case on how to get investor interest in adversarial market conditions.
Dec 14, 2020, 12:44 PM IST
Air India divestment: Bidding process would be on enterprise value, says Hardeep Singh Puri
The Union Civil Aviation Minister said that the government has decided to change bidding parameters and invite bid at an enterprise value.
Oct 29, 2020, 19:05 PM IST
Air India to be privatised; Centre to sell 100% stake in the national carrier
Union Minister Hardeep Singh Puri on Thursday said that the government has decided to sell its entire 100 per cent stake in Air India under the proposed disinvestment process. The national carrier, which has been making a loss for long, has a debt burden of over Rs 50,000 crore.
Dec 12, 2019, 17:22 PM IST
Amit Shah-led ministerial panel discusses Air India disinvestment issues
Air India currently has a debt of nearly Rs 60,000 crore which includes long-term loan for aircraft purchase and working capital.
Sep 19, 2019, 16:44 PM IST
Key GoM meet on Air India to take up 10 major disinvestment issues
Employee package, including medical facilities to nearly 40,000 current and retired employees would also be on the agenda for discussion in the crucial meeting.
Sep 18, 2019, 14:40 PM IST
Cabinet approves creation of SPV for Air India divestment
An SPV named Air India Asset Holding Ltd was set up on January 22 last year as part of financial restructuring of the debt-laden national carrier.
Mar 01, 2019, 10:31 AM IST
Air India expects to raise Rs 6,100 crore by selling, leasing back 7 wide-body aircraft: Report
On August 7, Parliament had approved the gross additional expenditure of Rs 980 crore for equity infusion into the heavily indebted airline.
Nov 20, 2018, 11:57 AM IST
Govt seeks Parliament's nod for Rs 980 crore equity infusion into Air India
The amount is part of the total gross additional expenditure of Rs 11,697.92 crore, for which approval has been sought from the Parliament.
Jul 31, 2018, 16:52 PM IST
Government committed to Air India's strategic disinvestment: Jayant Sinha
A plan is also being worked out by the Air India board and the situation was reviewed after the proposed strategic stake sale of the national carrier failed to attract any bidders last month.
Jun 20, 2018, 15:55 PM IST
Air India to continue giving Khadi amenity kits to international passengers
The amenity kit will include a number of Khadi products, like soaps, moisturisers and lip balms.
Jun 19, 2018, 09:45 AM IST
Air India staff unions hit social media against disinvestment plan
As part of efforts to revive the loss-making Air India, the government has kicked off the stake sale process and has issued a detailed preliminary information memorandum wherein it has proposed to sell 76 percent stake and cede management control to private players.
Apr 16, 2018, 12:08 PM IST
