Disinvestment of Air India and Pawan Hans would be completed in 2021-22, Finance Minister Nirmala Sitharaman said on Monday while presenting the Union Budget in which Rs 3,224 crore has been allocated to the Civil Aviation Ministry for the next fiscal year.
Air India is currently undergoing disinvestment process. Multiple entities submitted their expression of interest (EOI) for the carrier in December. The government is likely to reveal the names of qualified bidders in the coming weeks.
Air India Asset Holding Ltd, a special purpose vehicle (SPV), was set up in 2018 as part of the financial restructuring of the debt-laden national carrier. In the Budget for 2021-22, Rs 2,268 crore is proposed to be allocated for the SPV.
Air India’s Disinvestment Process To Be Completed In 2021-22: Finance Minister Nirmala Sitharaman
While presenting the Union Budget on Monday, Finance Minister Nirmala Sitharaman said that the Centre has allocated Rs 2,268 crore for a special purpose vehicle set up as part of financial restructuring of Air India
Representational Image Outlook Web Bureau 2021-02-01T16:02:10+05:30 Air India’s Disinvestment Process To Be Completed In 2021-22: Finance Minister Nirmala Sitharaman outlookindia.com 2021-02-01T16:04:10+05:30
Also read
During her budget speech on Monday, Finance Minister Nirmala Sitharaman announced that disinvestment of Air India will be completed in 2021-22 and said that the Centre has allocated Rs 2,268 crore for a special purpose vehicle set up as part of financial restructuring of the debt-laden national carrier.
URL copied Image Source : PTI
Air India disinvestment to be completed in 2021-22; Rs 3,224 crore allotted to aviation ministry
Disinvestment of Air India and Pawan Hans would be completed in 2021-22, Finance Minister Nirmala Sitharaman said on Monday while presenting the Union Budget in which Rs 3,224 crore has been allocated to the Civil Aviation Ministry for the next fiscal year. Air India is currently undergoing disinvestment process. Multiple entities submitted their expression of interest (EOI) for the carrier in December. The government is likely to reveal the names of qualified bidders in the coming weeks.
Air India Asset Holding Ltd, a special purpose vehicle (SPV), was set up in 2018 as part of the financial restructuring of the debt-laden national carrier.
The government is likely to reveal the names of qualified bidders in the coming weeks.
Share Via Email
| A+A A- By PTI
NEW DELHI: Disinvestment of Air India will be completed in 2021-22, Finance Minister Nirmala Sitharaman said in her budget speech on Monday and allocated as Rs 2,268 crore for a special purpose vehicle set up as part of financial restructuring of the debt-laden national carrier.
Air India is currently under disinvestment process.
Multiple entities submitted their expression of interests (EOIs) for the carrier last month.
The government is likely to reveal the names of qualified bidders in the coming weeks.
International flights on January 31: Here are flights operated by Air India under Vande Bharat Mission
International flights: Check flights leaving for and from India during the COVID-19 pandemic.
Representative image
The Centre started the ‘Vande Bharat Mission’ on May 6 to help those stranded overseas due to the novel coronavirus pandemic reach their destinations via international repatriation flights.
According to the Civil Aviation Ministry, 15,450 repatriation flights were operated by the Air India Group under the Vande Bharat Mission till January 29, carrying over 20.87 lakh passengers. Of these, 7,721 were inbound flights carrying 12.42 lakh passengers and 7,729 were outbound flights with 8.45 lakh fliers.