Only the Tata Group and private airline Spicejet remain in the fray for buying Air India as all the other bids have been rejected, according to sources close to the development.The bids have been rejected after the evaluation of the expressions .
Congress questions Centre on hiding names of Air India bidders; govt cites rules change
The details were sought in reference to restrictions on the Transaction Advisor, Ernst & Young LLP India, from publicly disclosing the details of the qualified interested bidders of Air India who have responded to and have been cleared in the evaluation of Expression of Interest
Poulomi Saha | February 6, 2021 | Updated 21:28 IST
Air India disinvestment
The Congress party has asked Modi government to disclose the names of entities who have bid for state-owned carrier Air India. Congress MP Manish Tewari on Thursday asked an unstarred question in Parliament seeking details of the eleventh corrigenda issued by the Ministry of Civil Aviation in relation to the sale of Air India. The details were sought in reference to restrictions on the Transaction Advisor, Ernst & Young LLP India, from publicly disclosing the details of the qualified interested bidders (QIBs) of Air India who have responded
Air India yet to receive Rs 498 cr from govt departments, including VVIP operations: GoI
ANI / Updated: Feb 5, 2021, 14:05 IST
Air India is yet to receive Rs 498.17 crores from
several government departments, including the due from various VVIP operations, the
Government of India (
GoI) said. As on 31.12.2020, the total Air India dues against various Government Departments on account of airfare including dues towards VVIP Operations were Rs 498.17 crore, the GoI said in a written reply in Loksabha. Usually, the credit period for Government of India Departments varies from 15 to 30 days from the receipt of invoice and no interest is paid to Air India in case of non-payment within the credit period.
Air India employees interest will be protected, says Hardeep Singh Puri
Union Civil Aviation Minister Hardeep Singh Puri
(Photo: PTI)
. Updated: 03 Feb 2021, 06:30 PM IST PTI
The interest of Air India employees will be safeguarded in accordance with the guidance of the DIPAM, Finance Ministry and same will be reflected in the share purchase agreement to be signed with new owner post disinvestment, aviation minister Hardeep Singh Puri said
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NEW DELHI :
The interest of Air India employees will be safeguarded in accordance with the guidance of the Department of Investment and Public Asset Management, Union Minister Hardeep Singh Puri said on Wednesday.
Air India divestment: Government may inform qualified bidders by January 30
IANSJan 16, 2021, 10:22 IST
BCCL
New Delhi, The Centre is likely to intimate the qualified bidders for
national carrier Air India by the end of the month, as the evaluation of the expressions of interest (EoI) is still underway, official sources said.
The government was to intimate the bidders by January 5. People in the know of the developments said that the transaction advisors are in touch with the interested bidders regarding several queries and the qualified bidders will be intimated only after the government is satisfied with the responses from the bidders.