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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 year as the divestment of the airline is unlikely to conclude anytime soon, an official said. Salt-...

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 India Express as well as a 50 percent stake in Air India’s cargo and baggage handling service. Now, ...

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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 Tuhin Kanta Pandey, secretary of the department of investment and public asset management. According ...

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 this year. A closer look at the deals the company claims to be ‘pursuing’ in India, however, show...