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
Modi government plans Air India's divestment by year-end: Sources
During its first term, the Modi government had tried to exit from the debt-burdened Air India, but it failed to get any potential buyer, and had to eventually defer plans of divestment.
Jul 17, 2019, 15:31 PM 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
Govt puts off Air India stake sale for now
The decision comes less than 3 weeks after the proposed 76 percent strategic stake sale in debt laden national carrier failed to attract any bidder.
Jun 19, 2018, 17:54 PM IST
AirAsia case not to have impact on Air India stake sale process: R N Choubey
The deadline for submitting Expression of Interest (EoI) for 76 percent stake in the debt-laden Air India is ending on Thursday.
May 31, 2018, 17:33 PM IST
Air India fails to draw a single bid so far
Prime Minister Narendra Modi`s government announced a plan in March to divest a 76 percent stake in Air India and offload about $5.1 billion of its debt.
May 31, 2018, 17:25 PM IST
Air India stake sale: Govt extends EoI deadline to May 31
Besides, the qualified interested bidders would be intimated on June 15.
May 01, 2018, 17:39 PM IST
Govt issues clarifications on Air India stake sale
It had issued preliminary information memorandum on March 28 for the proposed sale of up to 76 percent stake in Air India along with management control to private entities.
May 01, 2018, 14:32 PM 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
Air India sale a scam in the making, will file complaint if I find culpability: Subramanian Swamy
Swamy has threatened to file a complain if he finds anything wrong with the deal.
Mar 31, 2018, 21:45 PM IST
UPA made the Maharaja a beggar, we are restoring his glory: Minister on Air India sale
He said the airline would be kept independent after the stake sale.
Mar 29, 2018, 21:09 PM IST
Air India ropes in SBI Caps, sets up 5 teams for divestment process
As part of efforts to revive the loss-making airline, the government has decided on strategic disinvestment and the modalities are being worked out.
Nov 21, 2017, 22:24 PM IST
Air India to sell 2 properties to SBI, may fetch Rs 50 crore
Saddled with more than Rs 50,000 crore debt, Air India recently sought loans worth over Rs 1,500 crore to meet working capital requirements.
Nov 05, 2017, 13:47 PM IST
Two more firms evince interest in Air India ground handling biz
A group of ministers, headed by Finance Minister Arun Jaitley, held discussions on the stake sale modalities. It is at least the third meeting of the group so far this month.
Sep 28, 2017, 00:11 AM IST
Govt to appoint transaction advisers for Air India disinvestment
Apart from Jaitley, Civil Aviation Minister Ashok Gajapathi Raju, Railway Minister Suresh Prabhu and Power Minister Piyush Goyal as well as senior officials were present at the meeting.
Aug 30, 2017, 22:39 PM IST
Arun Jaitley hints at expeditious decision on Air India stake sale
Finance Minister Arun Jaitley on Wednesday indicated that an expeditious decision would be taken on Air India disinvestment, with at least two parties having formally expressed interest in buying stake in the national carrier.
Aug 30, 2017, 16:18 PM IST
Government to consider 49% stake sale in loss-making Air India
Indebted Air India, which last made an annual profit in 2007, has seen its market share shrink in recent years amid rising competition from private carriers.
Mar 23, 2016, 15:08 PM IST
