Air India sale: Govt to sell 100% stake in national carrier with 17 March deadline for EoI submissions; all eyes on suitors
4 years, 11 months ago

Air India sale: Govt to sell 100% stake in national carrier with 17 March deadline for EoI submissions; all eyes on suitors

Firstpost  

While many industry veterans are bullish on investor interest for Air India, some of the sector experts said that it may not be easy given the current business environment globally. A document inviting expressions of interest in Air India, released on Monday, said the governent would sell a 100 percent stake in the carrier, which operates both domestic and international routes. March 17 is the deadline to submit expression of interest pic.twitter.com/YsX3LZxW02 — DD News January 27, 2020 As the government is set to invite preliminary bids from potential investors for selling 100 percent stake in Air India on Monday, all eyes are on the portion of airline debt to be taken off its books and qualification for suitors. While the overall economic environment remains subdued, industry analysts said that there would be significant investor interest for Air India given its wide domestic and international network, traffic rights, slots at key foreign airports such as London and Dubai, technical manpower and large fleet.

India Air Interest Crore Airline Sell Stake Investor Interest 17 March  sell  air  national  govt  rs  industry  airline  india  stake  suitors  eoi  sale  submissions  potential  interest  crore  eyes

History of this topic

Air Traffic hits record high level, IndiGo leads the pack with 63.6 per cent share
Trending News
2 weeks, 3 days ago

Air Traffic hits record high level, IndiGo leads the pack with 63.6 per cent share

New Indian Express  

Indian airlines carried a record 1.42 crore passengers on domestic routes in November 2024, marking the highest-ever monthly traffic. According to data from the Directorate General of Civil Aviation, domestic passenger traffic surged 12 per cent year-on-year in November to 1.42 crore, an increase from 1.36 crore in October 2024. India’s largest airline, IndiGo, achieved its highest-ever monthly market share …

Air India ceased be State or its instrumentality under Article 12 post disinvestment: SC
7 months, 3 weeks ago

Air India ceased be State or its instrumentality under Article 12 post disinvestment: SC

The Hindu  

Air India Limited ceased to be State or its instrumentality under Article 12 of the Constitution after its disinvestment and take over by the Tata Group in January 2022, and no case of alleged violation of fundamental right would lie against it, the Supreme Court ruled on May 16. The apex court dismissed the appeals filed against a September 20, …

Govt likely to push for Air India units’ stake sale in FY25
11 months ago

Govt likely to push for Air India units’ stake sale in FY25

Live Mint  

New Delhi: The Centre will make a push for selling its shares in Air India’s erstwhile subsidiaries in FY25, said a top official, but the privatization of Container Corporation of India is unlikely to see any traction soon. “The Air India subsidiaries can be taken up for disinvestment, they’re part of the ongoing,” Tuhin Kanta Pandey, secretary of the department …

Air India eyes 20% share in air cargo biz in 2-3 years
1 year, 5 months ago

Air India eyes 20% share in air cargo biz in 2-3 years

Live Mint  

NEW DELHI : Air India plans to bolster its presence in the air cargo segment, with a target of securing a 20% market share over the next 2-3 years by utilizing the airline’s incoming fleet of wide-body aircraft that will double its capacity in the near- to medium-term, two people familiar with the development said. Air India’s market share in …

Air India: ₹7,000 Crore write-offs in FY23
1 year, 5 months ago

Air India: ₹7,000 Crore write-offs in FY23

Live Mint  

Air India incurred significant write-offs amounting to an estimated ₹7,000 crore during the financial year 2022-23. However, despite these challenges, Air India managed to reduce its losses and achieve positive earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs at an operating level, the publication reported. Air India, along with its subsidiary Air India Express, achieved EBITDAR positivity …

Government to make Rs 300 crore equity infusion in Alliance Air, earlier Air India wing
1 year, 7 months ago

Government to make Rs 300 crore equity infusion in Alliance Air, earlier Air India wing

India TV News  

Alliance Air : Amid financial headwinds faced by Alliance Air, the government has stepped forward to make an equity infusion of Rs 300 crore. The regional carrier Alliance Air, the earlier part of Air India, is now owned by AI Assets Holding Ltd, a special-purpose vehicle formed by the central government. The finance ministry has approved an equity infusion of …

Govt Proposes To Sell Up To 3.5% Stake In Hindustan Aeronautics Ltd: Report
1 year, 9 months ago

Govt Proposes To Sell Up To 3.5% Stake In Hindustan Aeronautics Ltd: Report

News 18  

India is planning to sell up to 3.5% stake in aerospace and defence company Hindustan Aeronautics Ltd this week in a deal that could fetch the government 28.67 billion rupees, an exchange filing showed on Wednesday. So far, the government has mopped up 311.1 billion rupees by selling its shares in state-run firms as against its target of 500 billion …

Air India seeks lessor jet delivery financing after record order
1 year, 9 months ago

Air India seeks lessor jet delivery financing after record order

Live Mint  

Air India has kicked off financing for a plane order worth tens of billions of dollars by asking leasing companies to submit proposals for sale-leaseback deals, the airline said on Monday as industry executives play down the impact of recent banking-sector turmoil on aviation. Air India Chief Executive Campbell Wilson confirmed the airline had gone to the leasing market with …

Air India's order for 470 jets at list price of $70 billion
1 year, 10 months ago

Air India's order for 470 jets at list price of $70 billion

The Hindu  

Tata group-owned Air India's order for a record 470 aircraft from Airbus and Boeing Co will be at a list price of $70 billion, Chief Executive Campbell Wilson said on February 27, as the airline seeks opportunities to expand in long haul international. Air India had, earlier this month, announced provisional deals for 220 planes from Boeing and 250 from …

India’s military, civil ambitions to dominate Aero India show
1 year, 10 months ago

India’s military, civil ambitions to dominate Aero India show

Live Mint  

India is scouting for billions of dollars worth of military planes, completing jetliner deals to meet civilian demand and pressing global aircraft manufacturers to produce more locally at a major air show this week. As the country prepares to host the Aero India show in Bengaluru from Monday, its airlines are expanding, with Air India expected to announce a potentially …

Air India places monumental order for approximately 500 planes from Airbus, Boeing: Report
1 year, 10 months ago

Air India places monumental order for approximately 500 planes from Airbus, Boeing: Report

India TV News  

In an effort to rebuild itself under its new owners, Air India has signed a massive contract for roughly 500 new planes worth more than $100 billion. Reportedly, this might be the airline's single-largest purchase ever as Air India is in a process to overhaul itself under the Tata Group with a fleet that is fuel-efficient. While the airline reached …

Here's why Singapore Airlines is investing in Air India
1 year, 11 months ago

Here's why Singapore Airlines is investing in Air India

Hindustan Times  

When the Singapore Airlines Group released its operating statistics for December 2022, it revealed that it carried almost 12 per cent more passengers compared with a month ago and four times more than a year ago. SIA's passenger load factor in December 2022 came in at 89.7 per cent during the month -- 3.8 percentage points more compared with a …

Air India marks 1 year of privatisation, says average daily revenue has doubled
1 year, 11 months ago

Air India marks 1 year of privatisation, says average daily revenue has doubled

The Hindu  

On the occasion of the first anniversary of Tata Sons buying Air India from the government, the airline said it is in the process of finalising a “historic” order of new aircraft for future growth. Sharing data on the improvement in operational parameteres since January 27, 2022 when the government handed over the ownership and management of the airline, Air …

Air India inches closer to seal half of jumbo plane order
1 year, 11 months ago

Air India inches closer to seal half of jumbo plane order

Live Mint  

Air India will on Friday seal half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International, industry sources said, as its new owner seeks to revive the airline and compete with larger rivals. After months of closely guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 …

Tata's Air India to seal half of jumbo plane order with Boeing: Report
1 year, 11 months ago

Tata's Air India to seal half of jumbo plane order with Boeing: Report

India Today  

Air India will on Friday seal half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International, industry sources said, as its new owner seeks to revive the airline and compete with larger rivals. After months of closely guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 …

Tata’s Air India to seal half of jumbo plane order today
1 year, 11 months ago

Tata’s Air India to seal half of jumbo plane order today

Live Mint  

Air India will on Friday seal half of an order worth billions of dollars for some 495 jets with Boeing and engine suppliers General Electric and CFM International, two industry sources said, as its new owner seeks to revive the airline and compete with much larger rivals. After months of closely-guarded, tough negotiations, Air India is set to place an …

Air India buys balance stake held in AirAsia India by Malaysian group
2 years, 2 months ago

Air India buys balance stake held in AirAsia India by Malaysian group

The Hindu  

Air India has fully bought out budget carrier AirAsia India by purchasing the balance 16.3% stake held by Malaysia’s AirAsia Aviation Group in the Indian arm. The airline will now be “integrated” with Air India’s low-cost international arm Air India Express. “An operational review process is underway with a view to ultimately integrating AAI fully with Air India Express,” the …

India's domestic passenger volume rose 65 per cent to 10 million in September: DGCA
2 years, 2 months ago

India's domestic passenger volume rose 65 per cent to 10 million in September: DGCA

India TV News  

Domestic air passenger volume grew 64.61 per cent to 10.35 million in September over the same period last year, according to a data released by aviation safety regulator Directorate General of Civil Aviation on Wednesday. In terms of market share, leading carrier IndiGo cornered 57 per cent of the total domestic traffic pie, carrying 59. 72 lakh passengers across its …

Air India plans to acquire 100% stake in AirAsia India, seeks approval from CCI
2 years, 8 months ago

Air India plans to acquire 100% stake in AirAsia India, seeks approval from CCI

Firstpost  

AirAsia India is majority-owned by Tata Sons Private Ltd with a shareholding of 83.67 per cent and the remaining stake is with AirAsia Investment Ltd, which is part of Malaysia’s AirAsia Group New Delhi: Tatas-owned Air India plans to acquire no-frills carrier AirAsia India and has sought approval from the Competition Commission of India for the proposed deal. AirAsia India …

Air India back to Tatas: Who gets what
2 years, 11 months ago

Air India back to Tatas: Who gets what

India Today  

Tata group now owns Air India through its subsidiary Talace. As per a statement issued on Thursday, Tata group now owns Air India, Air India Express and Air India SATS Airport Services Pvt Ltd. Speaking to reporters on Thursday, Tata Sons chairman N Chandrasekaran said, "We are excited to have Air India back in the Tata group and are committed …

INTERVIEW: Scindia assures Air India will regain lost place; Wishes new owners
2 years, 11 months ago

INTERVIEW: Scindia assures Air India will regain lost place; Wishes new owners

Hindustan Times  

INTERVIEW: Scindia assures Air India will regain lost place; Wishes new owners A day after the Tatas officially took over Air India, Civil Aviation Minister Jyotiraditya Scindia has now said that a historical wrong step has been corrected. In an exclusive interview to Hindustan Times, Scindia wished the new owners of the airline 'All the best' and said that Air …

Tatas back in Air India cockpit
2 years, 11 months ago

Tatas back in Air India cockpit

The Hindu  

The Union government on Thursday transferred its shares in Air India, along with control and management, to Tata Sons subsidiary, Talace, ending a disinvestment process that started five years ago and saw a failed attempt. The transaction covers Air India, Air India Express and the government’s entire 50% stake in a joint-venture ground handling company AI SATS. I warmly welcome …

Air India likely to be handed over to Tata Group today: Timeline
2 years, 11 months ago

Air India likely to be handed over to Tata Group today: Timeline

Hindustan Times  

Air India is expected to be handed over to the Tata Group on Thursday. Here's a look at the previous attempts at privatisation: 2001: The Atal Bihari Vajyapee-led National Democratic Alliance government tried to sell a minority stake in order to raise funds. 2007: Congress-led UPA government decided to merge Air India and its subsidiary Indian Airlines to curb financial …

Air India to be handed over to Tata group on January 27
2 years, 11 months ago

Air India to be handed over to Tata group on January 27

India Today  

Air India will be handed over to founder Tata group on January 27 after the disinvestment process got slightly delayed. “I seek the cooperation of one and all.” The government confirmed the 100 per cent sale of Air India to Talace Private Limited, which is a subsidiary of the Tata group’s holding company, for Rs 18,000 crore on October 8, …

Air India likely to be handed over to Tata group by weekend
2 years, 11 months ago

Air India likely to be handed over to Tata group by weekend

Deccan Chronicle  

New Delhi: Air India is likely to be handed over to the Tata group by the end of this week, senior government officials said on Monday. After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited -- a subsidiary of the Tata group's holding company -- for Rs 18,000 crore. …

Air India sale: HC scraps Swamy’s plea challenging divestment process
3 years ago

Air India sale: HC scraps Swamy’s plea challenging divestment process

Hindustan Times  

New Delhi: The Delhi high court on Thursday dismissed Bharatiya Janata Party Rajya Sabha member Subramanian Swamy’s plea seeking to set aside the Air India disinvestment process, saying that the valuation of the national carrier saw keen competition and was not tailor made or rigged in favour of the Tatas. In October last year, the Centre accepted the highest bid …

Opinion | No dearth of privatisation critics but Centre must go ahead with PSU sale in 2022
3 years ago

Opinion | No dearth of privatisation critics but Centre must go ahead with PSU sale in 2022

Firstpost  

Just like the strategic sale of Balco in 2001, when the government sold its 51 percent equity in the aluminum major, galvanised privatisation in the country, Air India sale has the potential of accelerating the pace of disinvestment. From Air India privatisation and other minority stake sales, the government has mopped up Rs 9,240 crore, according to the Department of …

Government to clear all Air India debt this fiscal
3 years, 1 month ago

Government to clear all Air India debt this fiscal

The Hindu  

Air India will pay back all its debt and dues owed to banks, oil companies, airports and aircraft lessors by the end of this financial year, a senior government official said. On Friday, the government sought Parliament’s approval for infusion of ₹62,057 crore into its company or special purpose vehicle that hosts Air India’s residual debt, liabilities and some assets. …

Government making all efforts to complete Air India disinvestment process by December-end: Rajiv Bansal
3 years, 1 month ago

Government making all efforts to complete Air India disinvestment process by December-end: Rajiv Bansal

The Hindu  

The government is making all efforts to complete the disinvestment process of national carrier Air India by the end of December, according to a senior official. On Wednesday, Civil Aviation Secretary Rajiv Bansal said all efforts are being made to complete the disinvestment process of Air India by the end of December. Of the total amount, Talace will take over …

Air India: Sold for a song
3 years, 2 months ago

Air India: Sold for a song

The Hindu  

Legend has it that when J.R.D. The return comes 68 years after Prime Minister Jawaharlal Nehru nationalised nine airlines through the Air Corporations Act, 1953, including Air India, in which the Tatas held a 25 per cent stake. Of the Rs.18,000 crore, Rs.15,300 crore, or 85 per cent, will go towards servicing Air India’s accumulated debt, which as of August …

Air India deal: Centre signs share purchase agreement with Tata Sons for Rs 18,000 cr
3 years, 2 months ago

Air India deal: Centre signs share purchase agreement with Tata Sons for Rs 18,000 cr

Firstpost  

The government is divesting its 100 percent ownership of Air India and Air India Express along with its 50 percent stake in ground-handling company AISATS New Delhi: The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. “Share Purchase Agreement signed today by Government with Tata …

Govt signs share purchase agreement with Tata Sons for Rs 18,000 crore Air India sale
3 years, 2 months ago

Govt signs share purchase agreement with Tata Sons for Rs 18,000 crore Air India sale

India TV News  

The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. "Share Purchase Agreement signed today by Government with Tata Sons for strategic disinvestment of Air India," Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey tweeted. Air India Director - Finance Vinod Hejmadi, Civil …

Govt signs share purchase agreement with Tata Sons for Rs 18,000-cr Air India sale
3 years, 2 months ago

Govt signs share purchase agreement with Tata Sons for Rs 18,000-cr Air India sale

India Today  

The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18,000 crore. "Share Purchase Agreement signed today by Government with Tata Sons for strategic disinvestment of Air India," Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey tweeted. Tatas beat the Rs 15,100-crore offer by a consortium …

Watch | How Air India came back to the Tatas
3 years, 2 months ago

Watch | How Air India came back to the Tatas

The Hindu  

After 68 years, the Maharaja is all set to return to the Tata group. With the opening up of the aviation sector to private players in 1994-1995 and private entities offering cheaper tickets, Air India gradually started losing market share. The airline started suffering losses every year since Air India and Indian Airlines merged while retaining the brand name Air …

Air India privatisation: Rs 16,000 crore unpaid bills to go to govt's AIAHL
3 years, 2 months ago

Air India privatisation: Rs 16,000 crore unpaid bills to go to govt's AIAHL

India TV News  

The government will transfer about Rs 16,000 crore of unpaid fuel bills and other pending dues that Air India owes to suppliers, to a special purpose vehicle before handing over the loss-making airline to the Tata Group, a senior official said. Besides, non-core assets of Air India, including land and building, valued at Rs 14,718 crore are being transferred to …

Air India sale: Modi govt's first privatisation in 7 years; what next?
3 years, 2 months ago

Air India sale: Modi govt's first privatisation in 7 years; what next?

Business Standard  

The long-awaited sale of India’s national carrier Air India is now done. These PSUs were: Modern Foods Maruti Udyog Bharat Aluminium Company CMC Hindustan Teleprinters Hindustan Zinc Indian Petrochemicals Jessop and Co Lagan Jute Machinery Paradeep Phosphates Videsh Sanchar Nigam Ltd These companies have performed significantly well since moving into private hands. Hardware maintenance company CMC was also purchased by …

Opinion | Air India under Tatas will surely regain its lost glory
3 years, 3 months ago

Opinion | Air India under Tatas will surely regain its lost glory

India TV News  

In a historic acquisition, the Tata group, after a gap of 68 years, was set to regain control of India’s national carrier Air India, after its bid of Rs 18,000 crore was accepted by the Centre. While admittedly it will take considerable effort to rebuild Air India, it will hopefully provide a very strong market opportunity to the Tata group’s …

Sale of Air India marks a remarkable change for India, shows Centre has finally realised its job of being a regulator
3 years, 3 months ago

Sale of Air India marks a remarkable change for India, shows Centre has finally realised its job of being a regulator

Firstpost  

The sale of Air India shows the government has finally realized it is the citizen’s right to run a business. A government-run Air India has accumulated losses estimated at more than Rs 75,000 crore, with the government investing nearly Rs 1,10,000 crore, and it is possible that by the time the carrier changes hands, the losses amount to over Rs …

Air India Sale: Undoing the Grief Nehru Govt Heaped on Private Enterprises and JRD Tata
3 years, 3 months ago

Air India Sale: Undoing the Grief Nehru Govt Heaped on Private Enterprises and JRD Tata

News 18  

‘And now the time has come to say goodbye. Nationalisation Promoted Crony Capitalism and Mediocrity What the Nehru government did in 1953 with the single stroke of the pen was not just limited to the nationalisation of Air India or shaking the foundations of the Indian air transport industry, it ended up weakening the overall cause of private enterprises in …

Air India finds a new address: Chronology of Air India privatisation
3 years, 3 months ago

Air India finds a new address: Chronology of Air India privatisation

The Hindu  

After more than two decades and three attempts, the government has finally sold its flagship national carrier Air India, and it is deja vu for Maharaja as it returned home to its founding father the Tata group. Here is a chronology of Air India privatisation plan: June 2017: The Cabinet Committee on Economic Affairs gave in-principle approval to the consideration …

Maharaja reclaims throne: Tatas to buy Air India for Rs 18,000 cr, will have to retain all employees for a year
3 years, 3 months ago

Maharaja reclaims throne: Tatas to buy Air India for Rs 18,000 cr, will have to retain all employees for a year

India Today  

Salt-to-software conglomerate Tata Sons on Friday won the bid for acquiring debt-laden state-run national carrier Air India offering Rs 18,000 crore for acquiring 100 per cent shareholding. Tata Sons' winning bid of Rs 18,000 cr for Air India was higher than reserve price of Rs 12,906 crore set by government. On this occasion, I would like to pay tribute to …

Win-win situation for govt, aviation sector: Jyotiraditya Scindia on Air India sale to Tata Group | Exclusive
3 years, 3 months ago

Win-win situation for govt, aviation sector: Jyotiraditya Scindia on Air India sale to Tata Group | Exclusive

India Today  

Union Civil Aviation Minister Jyotiraditya Scindia on Friday congratulated the Tata Group for successfully bidding for Air India. Speaking exclusively to India Today, Jyotiraditya Scindia said, "It has been a long process and journey for Air India. Jyotiraditya Scindia said the divestment of Air India was a long process for the central government as the national carrier was making losses …

News18 Afternoon Digest: Govt to Declare Air India Sale Winner Tomorrow, Ex-HC Justice to Head Lakhimpur Violence Probe & Other Top Stories
3 years, 3 months ago

News18 Afternoon Digest: Govt to Declare Air India Sale Winner Tomorrow, Ex-HC Justice to Head Lakhimpur Violence Probe & Other Top Stories

News 18  

Air India Sale: Govt to Announce Winner Tomorrow, Tata Group to Take Charge, Say Sources Who will take charge of Maharaja? Putting an end to years of doldrums, the Union government is likely to announce the winning bid for debt-laden national carrier Air India on Friday, sources told CNBC-TV18. Lakhimpur Kheri Violence: Retd Allahabad HC Justice Appointed as Single-member Commission …

Air India bidding: Life comes full circle for Tatas
3 years, 3 months ago

Air India bidding: Life comes full circle for Tatas

India Today  

Life has come full circle for the Tatas. A homecoming of sorts, the airline founded by JRD Tata, India’s first licensed pilot who piloted Air India’s first flight in 1932, will now be operated by the Tatas once again, according to sources. The government will divest its 100 per cent stake in Air India, and sources have told India Today …

Air India disinvestment: Tatas likely frontrunners to win bid as govt sets minimum price for airline
3 years, 3 months ago

Air India disinvestment: Tatas likely frontrunners to win bid as govt sets minimum price for airline

India Today  

The government has set the minimum reserve price for national carrier Air India’s disinvestment after final bids were submitted by Tata Sons and SpiceJet promoter Ajay Singh earlier this month. TATAS FRONTRUNNERS TO ACQUIRE AIR INDIA Tata Sons is the likely frontrunner to acquire Air India as it is believed to have submitted a higher bid for the debt-laden airline. …

Govt may select successful bidder for Air India in 3 weeks: Report
3 years, 3 months ago

Govt may select successful bidder for Air India in 3 weeks: Report

India Today  

Final bids for acquiring state-run carrier Air India were recently submitted by Tata Sons and SpiceJet promoter Ajay Singh. Read | Air India sale: Tata Sons, SpiceJet promoter Ajay Singh submit final bids “Financial bids for Air India disinvestment received by transaction adviser. Once the final reserve price is determined, the proposal will be floated before the Air India Specific …

Financial bids received for Air India disinvestment; Tatas among suitors
3 years, 3 months ago

Financial bids received for Air India disinvestment; Tatas among suitors

The Hindu  

The government on September 15 said it has received multiple financial bids for buying national carrier Air India. The government is seeking to sell 100% of its stake in the state-owned national airline, including Air India's 100% shareholding in AI Express Ltd and 50% in Air India SATS Airport Services Private Ltd. With previous attempts since 2017 failing to get …

Air India sale: Tata Sons, SpiceJet promoter Ajay Singh submit final bids
3 years, 3 months ago

Air India sale: Tata Sons, SpiceJet promoter Ajay Singh submit final bids

India Today  

The government has moved a step closer to selling Air India as final financial bids for the cash-strapped airline have been submitted on Wednesday. Tata Sons is one of the parties that has put in its financial bid for Air India and the development has been confirmed by a company spokesperson. Air India had failed to attract a bidder in …

Air India may get new buyers in May-June
3 years, 9 months ago

Air India may get new buyers in May-June

India TV News  

The much-delayed privatisation of Air India is likely to complete in the first half of this year. Speaking at the Times Network India Economic Conclave, the Union Minister for Civil Aviation, Hardeep Singh Puri said that financial bids for the national carrier will be submitted sometime in May. Further, reports suggest that Ajay Singh has partnered with Ras Al Khaimah …

Union Budget 2021: Air India disinvestment to be completed in 2021-22; aviation ministry allotted Rs 3,224 cr
3 years, 11 months ago

Union Budget 2021: Air India disinvestment to be completed in 2021-22; aviation ministry allotted Rs 3,224 cr

Firstpost  

New Delhi: 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. Sitharaman’s announcement on Monday about completing Air India’s disinvestment in 2021-22 is significant as the Narendra …

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