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EY finalises valuation process for Air India, bids to be in by mid-Sept

EY finalises valuation process for Air India, bids to be in by mid-Sept
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Air India to sell real estate assets; may garner up to Rs 300 crore

Air India to sell real estate assets; may garner up to Rs 300 crore
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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Govt prepares to divest Air India s ground handling ops

Govt prepares to divest Air India’s ground handling ops Air India had current liabilities and provisions, including short-term loans and trade payables of ₹70,686.6 crore and a net debt of ₹58,255 crore at the end of FY19. (Bloomberg) Share Via Read Full Story The government is preparing to separately sell Air India Ltd’s profitable ground-handling unit with the privatization of the national carrier making progress. The finance ministry may soon issue a preliminary document for interested bidders for Air India Airport Services Ltd (AI APS), a senior official in the ministry said on condition of anonymity. TRENDING STORIESSee All 1 min read

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Government plans to privatise 10 state-run airports in first quarter of next fiscal

The government plans to invite bids to privatise six to 10 state-run airports in the first quarter of the next fiscal, with plans for a “package” offer that clubs profitable and non-profitable airports to realise optimum value. “AAI is examining giving non-profitable airport and profit making airports as a package. We could see six to 10 airports being taken up. The airports will be given to the private sector for 50 years,” Pradeep Kharola, secretary, ministry of civil aviation said on Thursday. The bidding terms for the operation of the airports, their management as well as the development of infrastructure will be structured to encourage long-term leases of the facilities.

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Govt to Begin Third Round of Privatisation of 6-10 Airports in April, Says Official

Govt to Begin Third Round of Privatisation of 6-10 Airports in April, Says Official FOLLOW US ON: The government is all set to start the third round of the airport privatisation in April this year, Pradeep Singh Kharola, the civil aviation secretary, said on Thursday, adding it could see six-ten airports taken. In this round, the government will adopt a fresh approach, that of clubbing a non-profit-making airport with a profit-making one and offering it in the form of a package. “The Airport Authority of India (AAI) is examining the feasibility of giving a non-profitable airport and a profit-making airport as a package. We could see six to 10 airports being taken up, Kharola said.

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