Air India s total debt stands at Rs 38,366 crore as per FY20 government data
Updated : February 03, 2021 07:46 PM IST
The total debt stands at Rs 38,366.39 crore after transfer of debt amounting to Rs 22,064 crore to the special purpose vehicle called Air India Assets Holding Ltd in FY20 , the Civil Aviation Ministry told Rajya Sabha share
The total debt of national carrier Air India as per provisional figures of 2019-20 (Apr-Mar) stands at Rs 38,366.39 crore. The total debt stands at Rs 38,366.39 crore after transfer of debt amounting to Rs 22,064 crore to the special purpose vehicle called Air India Assets Holding Ltd in FY20 , the Civil Aviation Ministry told Rajya Sabha on February 3.
Updated Dec 23, 2020 | 10:07 IST
The Tata Group wants to bid for Air India through Vistara, and talks are underway with SIA to work around their separate non-compete clauses. Tata Sons, Singapore Airlines in talks over Air India bid options.
New Delhi: Finally, the debt-laden Air India sale is showing signs of taking off. The Tata Group, which has submitted an expression of interest (EoI) for Air India, is reportedly in serious discussion with Singapore Airlines (SIA), its joint venture partner in Vistara, as the $113 billion (about Rs 8.34 lakh crore) salt-to-software conglomerate is all set to decide options for the entity that will submit a bid for the ailing national carrier soon.
Air India s return to Tata Group will disrupt the aviation sector
Air India presently has third-largest (9.4 per cent) traffic share in the domestic markets. Tata Group-owned airlines - AirAsia India and Vistara - were fifth and sixth largest with 7.1 per cent and 6.4 per cent market share, respectively
Manu Kaushik | December 16, 2020 | Updated 17:53 IST
Air India had a total debt of Rs 60,074 crore as on March 2019, as per EoI
Major disruption is on the cards in Indian aviation as Tata Group has reportedly submitted its bid to acquire beleaguered Air India. On the last day of the bidding process, Tata Group and a consortium led by Air India s over 200 employees and Interups Inc expressed their interest in buying the national carrier. The sale process will move to the next stage, and experts believe that Tata Group has a fair chance of bagging Air India along with its subsidiary Air India Express and 50 per cent shares in ground handling unit AISATS (Air India SATS Airport Serv
Nearly seven decades after exit, Tata Group seeks to board Air India yet again Today is the last day for submission of Expression of Interest for Air India. The Tata Group is currently operating two airlines: the full service carrier Vistara and AirAsia India Representational image. News18
New Delhi: Tata Group is seeking to board Air India again after nearly seven decades, with the salt-to-software conglomerate set to participate in the bidding process for the national carrier, sources said on Monday.
The last date for submission of Expression of Interest (EoI) for Air India is Monday.
At present, the Tata Group is operating two airlines: the full service carrier Vistara in association with Singapore and AirAsia India, for which it has collaborated with Malaysian airliners group AirAsia.
Highlights
The bidding process for the debt-ridden airline has been postponed four times earlier and of October 30 deadline is changed now
Air India has been unprofitable since its 2007 merger with state-owned domestic operator Indian Airlines Ltd
Air India disinvestment will be a key component of this year s sell target of Rs 2.1 lakh crore
New Delhi: A group of 219 Air India (AI) employees has submitted the Expression of Intent (EOI) to purchase a stake in the loss-making national airline, according to Meenakshi Malik, who is Air India’s Commercial Director.
Meenakshi Malik told Zee Media that they have officially submitted their Expression of Intent, adding We have got 219 employees with us. We have a financial partner too. Each employee will have to contribute at least Rs 100,000 towards the financial bid. We are thankful to Govt to provide us this opportunity wherein employees can also participate in the bidding process, she added.