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
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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.
Budget 2021: Aviation sector gives thumbs up to leasing tax sops
The airlines in India typically take aircraft from lessors (on lease) who are based overseas. IndiGo, for instance, has over 200 planes on lease, and so is the case with other airlines like SpiceJet, GoAir, Vistara and Air India
Manu Kaushik | February 1, 2021 | Updated 20:44 IST
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Despite a long list of their demands left unaddressed by Finance Minister Nirmala Sitharaman in Budget 2021, the aviation sector is not unhappy. In her speech, the Finance Minister said that the government is committed to make the International Financial Services Centre (IFSC) in GIFT City a global financial hub. As part of this commitment, the government has proposed a tax holiday over capital gains for aircraft leasing companies, and tax exemption for aircraft lease rentals paid to foreign lessors. But what does it mean?
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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.
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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.
Plane helpful: Mosque ensures safer takeoffs
ByYogesh NaikYogesh Naik / Updated: Jan 31, 2021, 06:00 IST
Ansar Masjid reduces height of minaret following objections that it protruded onto the glide paths of airports.
The minaret of a mosque, falling in the funnel zone of the
Juhu airport as well as the
Chhatrapati Shivaji Maharaj International Airport that was endangering runway safety, has been reduced in size after repeated objections from BMC and Airports Authority of India. A funnel zone is an area aligned with the runways along the specific paths followed by flights while landing and takeoff.
The Ansar Masjid is located next to the