Privatisation of Air India

The transaction is expected to close by the end of December 2021. The Centre has signed a share purchase agreement (SPA) with Tata Sons, effectively selling Air India for Rs 18,000 crore. The SPA is a legal contract between the…

The government aims to generate about Rs 3,660 crore through private investment in airports by FY24. In what appears as the ‘last opportunity’ for private investors to enter the airport sector of India, the Government-owned statutory…

The government is looking to complete the sale by the end of the year. The government has given in to Air India (AI) employees’ demands. Govt To Bear Costs And Provide Support It will bear the cost of liquidation loss on account…

Finance Minister Nirmala Sithraman said on August 12 that the Modi government has committed to reaching the Rs 1.75 lakh crore divestment objective for 2021-22. Finance Minister Nirmala Sithraman said on August 12 that the Modi…

Air India's Foreign Assets Can Be Sold To This Firm Before Privatization: Find Out Why? The latest reports reveal that the Devas Multimedia Pvt. has joined forces with Cairn Energy Plc in seeking to seize Air India Ltd.'s assets abroad.…

The choice isn’t between disinvestment and non-disinvestment, it’s between disinvestment and closing down On Saturday, Civil Aviation Minister Hardeep Singh Puri declared that Air India would be completely disinvested, adding that there…

This Is Why Air India, Airports Are Being Sold To Private Firms: Civil Aviation Minister Gives Explanation Union Civil Aviation Minister Hardeep Singh Puri announced on Jan 6 the target set by his ministry to operationalise 100 unserved…

6-10 Airports Will Be Sold To Private Firms Under Next Phase Of Disinvestment (Full Details) On Thursday, civil aviation secretary Pradeep Singh Kharola said that the Airports Authority of India (AAI) will be starting the third stage of…

Govt Will Shut Down Air India Or Sell To Private Firms; Rs 23,000 Cr Debt Can Be 'Absorbed' With the huge debt and no other way around, the Union government will either have to privatize or shut down the loss-making Air India Ltd, as…

Govt Will Not Allow Private Owners Of Air India To Fire Employees; Tata Can Buy Air India! As per the reports coming in, the buyers of loss-making airline Air India and oil firm Bharat Petroleum Corporation Ltd (BPCL) will not get a…