Air India may get new buyers in May-June
3 years, 8 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 Investment Authority, and Ankur Bhatia, promoter of Delhi-based Bird Group to jointly place the bid for Air India. DIPAM Secretary Tuhin Kanta Pandey had earlier said that the government has received multiple expressions of interest for the strategic disinvestment of Air India. Essar and Pavan Ruia of Dunlop and Falcon Tyres had also put in bids for Air India.

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History of this topic

Indian aviation in 2024: A year of consolidations, survival and premiumisation
6 days, 22 hours ago

Indian aviation in 2024: A year of consolidations, survival and premiumisation

Live Mint  

As 2024 comes to an end, a look at the last 12 months shows how much the aviation industry in India has changed and what lies ahead. The much-delayed merger finally got all the regulatory nods, and erstwhile AirAsia India, which had become AIX Connect, folded into Air India Express to create one large Low-Cost carrier for the group. Delays …

Govt likely to push for Air India units’ stake sale in FY25
10 months, 2 weeks 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 Sale! Get flight tickets from India to Europe at discounted prices
1 year, 2 months ago

Air India Sale! Get flight tickets from India to Europe at discounted prices

Live Mint  

Air India Flights Sale! The sale is open on all channels, including Air India’s website, iOS and Android mobile apps, and through authorized travel agents. Currently, Air India operates 48 non-stop flights every week from Delhi and Mumbai to these five cities in Europe. Meanwhile, Air India has recently provided aviation enthusiasts and travelers with a sneak peek at the …

‘A passenger boarding Air India must be pleasantly surprised’: CEO Campbell Wilson
1 year, 6 months ago

‘A passenger boarding Air India must be pleasantly surprised’: CEO Campbell Wilson

The Hindu  

Air India has moved from its “taxi” phase and is now in “take-off” mode, the second phase of its comprehensive five-year transformation programme, said Chief Executive Officer and Managing Director Campbell Wilson. The consolidated Air India will be one full service airline called Air India, and one low cost airline called Air India Express which will fly narrowbody aircraft domestically …

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 …

Air India's expansion plans fuel tension over airline flying rights
1 year, 9 months ago

Air India's expansion plans fuel tension over airline flying rights

India Today  

Tensions over plans to transform Air India into a global airline with hundreds of new jets rippled across the aviation sector on Tuesday as foreign carriers clamoured for more access to the world's fastest-growing economy. 'BIGGER SHARE' Now, the rebirth of Air India and launch of a new Saudi carrier with dozens of jet orders has shuffled the deck and …

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, 9 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 …

Air India’s order for 470 jets at list price of $70 billion
1 year, 9 months ago

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

Live Mint  

Air India's CEO Campbell Wilson on Monday said that Air India's order for a record 470 aircraft from Airbus and Boeing will be at a list price of $70 billion.The airline plans to fund the deal with internal cash flow, equity and sale and leaseback, Wilson added. On February 14, Air India announced placing an order for 470 planes, including …

From record jet deal to operation strategy: Air India CEO gives key insights into airline's future
1 year, 9 months ago

From record jet deal to operation strategy: Air India CEO gives key insights into airline's future

India Today  

A few weeks after Air India announced the biggest deal in the history of commercial aviation, the carrier’s CEO, Campbell Wilson, shared details about his experience at the airline, the significance of the 470-jet deal, future market strategy and its role in developing the country into a world class aviation hub. Domestic and international strategy Commenting on future strategy for …

Air India to hire over 4200 cabin crew and 900 pilots in the year 2023
1 year, 10 months ago

Air India to hire over 4200 cabin crew and 900 pilots in the year 2023

Op India  

Days after announcing mega deals to purchase 470 aircraft from Boeing and Airbus, Air India on Friday announced that over 4,200 cabin crew trainees and 900 pilots will be hired in the year 2023 to meet its growing manpower needs. Earlier this month, Air India announced two mega order to purchase 220 aircraft from Boeing and 250 aircraft Airbus to …

Air India ordered 840 planes, including 370 optional buys, from Airbus, Boeing
1 year, 10 months ago

Air India ordered 840 planes, including 370 optional buys, from Airbus, Boeing

Hindustan Times  

Air India has ordered a total of 840 planes from Airbus and Boeing including 370 optional buys, said Nipun Aggarwal, chief commercial officer of the airline, said, in his social media post on Thursday. READ | Biden announces Air India-Boeing deal, vows deeper ties with Modi Aggarwal stated that the aircraft order demonstrates the vision and aspiration of Tata Group …

Air India orders 250 Airbus jets as air travel demand swells
1 year, 10 months ago

Air India orders 250 Airbus jets as air travel demand swells

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Air India's owner said Tuesday …

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 …

Air India finalises order for around 250 aircraft with Airbus: Report
1 year, 10 months ago

Air India finalises order for around 250 aircraft with Airbus: Report

Live Mint  

With an aim to expand its operations as well as fleet, the Tata group-owned Air India has finalised an order for around 250 aircraft with Airbus. Earlier on 27 January, Air India chief Campbell Wilson said the airline is finalising a historic order of new aircraft. According to report by news agency PTI, the deal is likely to include 40 …

Air India inches closer to seal half of jumbo plane order
1 year, 10 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 …

Air India to introduce premium economy class in long haul flights from December | DETAILS
2 years, 1 month ago

Air India to introduce premium economy class in long haul flights from December | DETAILS

India TV News  

Air India news : Air India will be introducing premium economy class in some of its long haul international flights next month, its chief Campbell Wilson said today as the Tata group-owned airline works on ways to expand its market share as well as the global network. Addressing an event organised by JRD Tata Memorial Trust, Wilson also said opportunities …

Air India handed over to Tata Group | Top points
2 years, 10 months ago

Air India handed over to Tata Group | Top points

India Today  

The government on Thursday officially handed over Air India to the Tata group. The strategic disinvestment transaction of Air India successfully concluded today with the transfer of 100 per cent shares of Air India to Talace Pvt Ltd along with management control. EFFECTIVE DISINVESTMENT OF AIR INDIA Union Minister Jyotiraditya Scindia said it is indeed noteworthy that the disinvestment process …

Air India likely to be handed over to Tata Group today: Timeline
2 years, 10 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 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
2 years, 11 months 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
2 years, 11 months 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 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 deal: Centre signs share purchase agreement with Tata Sons for Rs 18,000 cr
3 years, 1 month 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-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 …

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 …

Sale of Air India marks a remarkable change for India, shows Centre has finally realised its job of being a regulator
3 years, 2 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 finds a new address: Chronology of Air India privatisation
3 years, 2 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 …

News18 Afternoon Digest: Govt to Declare Air India Sale Winner Tomorrow, Ex-HC Justice to Head Lakhimpur Violence Probe & Other Top Stories
3 years, 2 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 …

Government may be third time lucky to say ‘Tata’ to Air India
3 years, 2 months ago

Government may be third time lucky to say ‘Tata’ to Air India

Firstpost  

The much-delayed privatisation of Air India has suffered from several false take offs. Third, recommendation of the Disinvestment Commission to privatise Air India would be finally implemented. First attempt: NDA government Often recalled as the privatisation era, the Vajpayee-led government decided in May 2000 to pursue strategic sale of Air India with a cap of 26 per cent on foreign …

Centre hasn't decided anything on Air India so far, says Piyush Goyal
3 years, 2 months ago

Centre hasn't decided anything on Air India so far, says Piyush Goyal

Firstpost  

The department responsible for the privatisation said in a tweet that the government has so far not approved any financial bid for the debt-laden national carrier Dubai: Commerce and Industry Minister Piyush Goyal on Saturday said the government has not taken any decision on Air India so far and the final winner will be selected through a well defined process. …

Govt. has not taken any decision on Air India so far : Piyush Goyal
3 years, 2 months ago

Govt. has not taken any decision on Air India so far : Piyush Goyal

The Hindu  

Commerce and Industry Minister Piyush Goyal on Saturday said the government has not taken any decision on Air India so far and the final winner will be selected through a well defined process. He was replying to a question about media reports stating Tatas have emerged as the top bidder for the takeover of debt-laden Air India. Tuhin Kanta Pandey, …

GoM to decide on winning bidder for Air India
3 years, 2 months ago

GoM to decide on winning bidder for Air India

The Hindu  

A Group of Ministers led by Union Home Minister Amit Shah will meet soon to take a decision on the winning bidder for Air India, a top government official said. “Air India Specific Alternative Mechanism will meet soon to decide,” the official told The Hindu when asked about the outcome of the financial bids submitted by Tata Sons and SpiceJet's …

Air India bidding: Life comes full circle for Tatas
3 years, 2 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, 2 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 …

Air India Privatisation: Tata Group & SpiceJet Submitted Final Bids, What Will Happen Next?
3 years, 3 months ago

Air India Privatisation: Tata Group & SpiceJet Submitted Final Bids, What Will Happen Next?

News 18  

India’s flag carrier Air India has moved one step forward in the direction of its privatisation. The government, as part of the exercise, also plans to sell its entire stake in Air India Express and 50 per cent stake in Air India SATS Airport Services Private Ltd. India’s salt to software conglomerate, Tata Group has submitted a financial bid for …

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 …

Centre to stick with 15 Sept deadline for investors to make financial bids for Air India, says official
3 years, 3 months ago

Centre to stick with 15 Sept deadline for investors to make financial bids for Air India, says official

Firstpost  

The government is selling its entire 100 percent stake in Air India which has been in losses ever since its merger with domestic operator Indian Airlines in 2007 New Delhi: The government will stick to the 15 September deadline for investors to put in bids for buying national carrier Air India, an official said. Salt-to-software conglomerate Tata Group was among …

Phase-II of Air India disinvestment to start Jan 5
3 years, 11 months ago

Phase-II of Air India disinvestment to start Jan 5

India TV News  

The second phase of the strategic disinvestment of Air India will start on January 5, 2021 with the announcement of the names of the qualified bidders. The presentation noted that in view of the post-Covid situation and severe impact on aviation sector, the government has considered various options related to disinvestment, including bidding parameters in the PIM and meetings of …

Indian Aviation Sector Witnessed its Worst Year in 2020, Hopes for Quick Bounceback in 2021
3 years, 11 months ago

Indian Aviation Sector Witnessed its Worst Year in 2020, Hopes for Quick Bounceback in 2021

News 18  

The COVID-19 pandemic had a massive impact on the Indian aviation sector in 2020 and major airlines facing losses and challenging times laid off employees, sent them on leave without pay, or cut their salaries. The government, meanwhile, permitted special international passenger flights under Vande Bharat Mission since May and air bubble arrangements were formed with around 24 countries since …

Air India bid deadline may be extended till Dec 15, govt to ease asset valuation norm
4 years, 2 months ago

Air India bid deadline may be extended till Dec 15, govt to ease asset valuation norm

India TV News  

To attract potential suitors, the government will ease asset valuation norms for Air India by allowing bidders to put in offers on an enterprise value basis, a source said on Monday. The deadline for Air India bid is proposed to be extended till December 15,” the source told PTI. This would be the fifth extension to the Air India bid …

To sell Air India, reframe the terms
4 years, 3 months ago

To sell Air India, reframe the terms

Hindustan Times  

Air India’s third attempt to secure a buyer is likely to draw a blank. AI has a vast domestic and global network to key destinations, assured time slots and space in prized airports. Civil aviation minister Hardeep Singh Puri was candid enough to admit in Parliament: “With Rs 60,000 crores debt, the choice is not between privatisation and non- privatisation.but …

Govt weighs dropping debt condition in Air India sale: Report
4 years, 3 months ago

Govt weighs dropping debt condition in Air India sale: Report

Live Mint  

India is proposing to drop a condition that the winning bidder for Air India Ltd. will have to take on $3.3 billion of aircraft debt, people with knowledge of the matter said, as the government struggles to sell the loss-making carrier kept afloat by taxpayer-funded bailouts. A renewed attempt to sell Air India, which hasn’t made money since 2007, has …

Govt should not be running airport and airlines, hopeful of privatising Air India in 2020: Hardeep Puri
4 years, 3 months ago

Govt should not be running airport and airlines, hopeful of privatising Air India in 2020: Hardeep Puri

India Today  

The government should not be running airports and airlines, Civil Aviation Minister Hardeep Singh Puri said on Sunday, adding that he hopes to privatise Air India during 2020. Addressing a virtual meet on Namo app, Puri said, "I can tell you from my heart the government should not be running airports and the government should not be running airlines." Last …

Tata Group Likely to take Control of Air India by January 2021 if it is the Sole Eligible Bidder
4 years, 4 months ago

Tata Group Likely to take Control of Air India by January 2021 if it is the Sole Eligible Bidder

News 18  

The buzz in aviation circles is getting louder that the Tata group could be in the Air India's cockpit as early as the New Year if it is the sole eligible bidder for India's national carrier. The Tata group, which already has a footprint in the airlines business, has shown interest in acquiring Air India, which at one point of …

Tata Sons likely to make formal bid for Air India by end of month: Report
4 years, 4 months ago

Tata Sons likely to make formal bid for Air India by end of month: Report

India Today  

The Tata Group is likely to make a former bid for cash-strapped national carrier Air India by the end of the month. According to a report published on The Economic Times, the Tata Group has already started due diligence and could make its bid close to the official deadline at the end of this month. The report also indicated that …

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