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Air India privatisation deal unlikely to conclude this fiscal SECTIONS Last Updated: Dec 21, 2020, 10:19 AM IST Share Synopsis A group of over 200 Air India employees also submitted an expression of interest (EoI) for the carrier in partnership with Interups at the close of the deadline on December 14. Maharaja on sale: Will Air India divestment take off this time? NEW DELHI: Privatisation of Air India may spill into next fiscal year as the divestment process is unlikely to conclude in the rem...

Privatisation of Air India may spill into next fiscal year as the divestment process is unlikely to conclude in the remaining a little over three months of 2020-21, an official said. Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among "multiple" entities that put in preliminary bids last week for buying loss-making carrier Air India. A group of over 200 Air India employees also submitted an expression of interest (EoI) for the carrier in partnership with Interup...

Due to app glitch 42 food delivery riders arrive with same order at same home Indias national carrier, Air India is likely to miss its deadline for this financial year for its privatisation as the process is expected to take more than estimated time by the government. Last week, the preliminary bid of the Maharajah witnessed major players including salt-to-software conglomerate Tata Group and US-based fund Interups Inc participating.  By January 6, the Transaction Advisor will notify the eligi...

Air India privatisation likely to conclude in next fiscal The government is selling its entire 100 per cent stake in Air India. The national carrier has been in losses since its merger with domestic operator Indian Airlines in 2007 BusinessToday.In | December 20, 2020 | Updated 18:31 IST State-owned carrier Air India is likely to conclude privatisation in the next fiscal as the divestment process may take a little over three months of 2020-21, said an official. "The Transaction Advisor will i...

Air India privatisation unlikely to conclude this fiscal year Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among multiple entities that put in preliminary bids last week for buying loss-making carrier Air India. Share Via Email   |  A+A A- By PTI NEW DELHI:  Privatisation of Air India may spill into next fiscal year as the divestment process is unlikely to conclude in the remaining a little over three months of 2020-21, an official said. Salt-to-software...

Air India Divestment Process Likely To Continue Till Next Fiscal Year The government is selling its entire stake in Air India that has been suffering losses since its 2007 merger with Indian Airlines PTI 20 December 2020 PTI 2020-12-20T14:08:46+05:30 Air India Divestment Process Likely To Continue Till Next Fiscal Year outlookindia.com 2020-12-20T14:25:15+05:30 Also read The privatisation process of Air India might take longer and spill into the next fiscal...

Bidders Take a Flyer on Debt-Ridden Air India Bidders Take a Flyer on Debt-Ridden Air India Comments Off on Bidders Take a Flyer on Debt-Ridden Air India TAMIL NADU — A number of bidders — including the original owner — are vying to breathe new life into debt-ridden Air India. Over the years, the government-owned national carrier has accumulated debt of over INR 58,000 ($7.8 billion). In addition to selling 100 percent stake in the stressed airline, the government is also unloading Air In...

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ISSUE DATE: December 28, 2020 UPDATED: December 18, 2020 19:04 IST Going once, going twice, Air India planes at Chhatrapati Shivaji Maharaj International Airport, Mumbai Unlike in 2018, when the Centre’s attempt to find a buyer for the beleaguered Air India saw no takers, there are several bidders in the fray this time around. By the time the deadline to submit expressions of interest (EoIs) to bid for the national carrier closed on December 14, “multiple EoIs [had been] received,” said T...

walked out after a heated exchange with a BJP member. The Union Cabinet has approved the sale of 2251.25 MHz of spectrum across seven frequency bands at a reserve price of Rs 3.92 lakh crore. Incidentally, the reserve price being auctioned in this round is lower than the Telecom Regulatory Authority of India’s recommendations. Only in Express US-based investment firm Interups Inc is among the bidders for Air India. In fact, the company has made a series of acquisition bids through the NCLT t...