Disinvestment | The Asian Age

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The government on Wednesday said it would revisit the Air India disinvestment plan after oil prices, foreign exchange and other global economic indicators stabilise.

Govt to re-plan Air India stake sale after oil prices, forex rates stabilise

The stake sale plan did not attract any bidders when the deadline for submitting Expression of Interest ended on May 31.

18 Jul 2018 7:12 PM

The government has cleared sale of Air India and several other loss-making public sector companies but that they are yet to be sold is the "result of timing and process, Modi said. (Photo: PTI)

Govt has done what it had to with 'utmost sincerity' for Air India: Modi

Civil aviation ministry had said the government was committed to strategic disinvestment of Air India.

02 Jul 2018 4:30 PM

A sum of Rs 1,27,461 crore has been collected towards revenue up to May this year, the Ministry of Finance said on Friday.

Revenue collection for April-May capped at Rs 1,27,461 crore

The aforementioned figure comprises Rs 1,02,408 crore tax revenue.

30 Jun 2018 11:04 AM

Passengers on most of Air India's international flights are all set for a new experience as the airline will soon introduce 'Maharaja' business class seats, variety cuisines and new uniforms for crew, officials said.

Air India set to have 'Maharaja' class seats on international flights

The revamped products and services is likely to be unveiled on June 22.

21 Jun 2018 5:37 PM

The government is committed to the strategic disinvestment of Air India, Union Minister Jayant Sinha said on Wednesday.

Govt committed to Air India's strategic disinvestment, says Sinha

The process for selling 76 per cent stake in the airline is over now.

20 Jun 2018 3:58 PM

The government will continue to pursue disinvestment of debt-laden Air India and revised bidding norms are likely to be finalised soon, officials said, even as the stake sale proposal elicited muted response from the investors.

Govt to pursue Air India stake sale this fiscal

The alternative mechanism headed by the finance minister would decide the future course of action on Air India disinvestment.

07 Jun 2018 5:58 PM

For 2018-19, the airline has been allocated Rs 650 crore in view of its now failed disinvestment plan.

Air India seeks restoration of equity infusion from govt

The loss-making carrier has already received more than Rs 26,000 crore under the bailout package.

04 Jun 2018 12:34 PM

In a major setback to the Air India disinvestment process, the government said no initial bids were received for the proposed strategic stake sale of the debt laden airlines by the deadline on Thursday.

No bids received for Air India stake sale, says govt

The government has proposed to offload 76 per cent equity share capital of the national carrier.

31 May 2018 7:09 PM

AirAsia case not to have impact on Air India's disinvestment: Choubey

The deadline for submitting Expression of Interest (EoI) for 76 per cent stake in the debt-laden Air India is ending today.

31 May 2018 1:59 PM

Disinvestment-bound flag carrier Air India will phase out its remaining three Classic A320 planes, which are nearly three decade old, from the fleet by the end of this year.

Air India to phase out remaining 3 Classic A320s by December

Air India has already removed 11 classic A320 planes out of operations.

16 May 2018 7:15 PM

State-run Pawan Hans Helicopter's plans to launch flights under the regional connectivity scheme Udan have run into rough weather amid the ongoing disinvestment process.

Pawan Hans' Udan plans run into rough weather amid divestment

The disinvestment process should not come as a roadblock in the business expansion plans of the company.

07 May 2018 7:15 PM

As per the information memorandum, issued in March, the government would retain 24 per cent stake in the national carrier.

Govt issues clarifications on Air India stake sale

Govt has put out clarifications for 160 questions from interested bidders on the disinvestment of Air India.

01 May 2018 2:44 PM

Various parties which have shown interest in the Air India privatisation process, have raised significant and important issue related to the disinvestment and the government will reply to them, says R N Choubey.

Important queries raised by parties on Air India disinvestment: Choubey

Without elaborating the type and nature of the issues raised, he said the queries are interesting in nature.

26 Apr 2018 3:25 PM

11 Air India unions representing more than 10,000 employees have taken to Twitter, YouTube, Instagram and Facebook to protest against the stake sale plan.

Air India staff unions hit social media against disinvestment plan

Messages and graphics with 'Save Air India' slogan are being posted on various social media platforms.

15 Apr 2018 6:56 PM

The meeting is expected to take place on April 17.

Air India calls pilot unions' meet on privatisation

Around 11 Air India unions have formed a joint forum to fight against the government's decision.

14 Apr 2018 10:24 AM

Disinvestment-bound Air India registered around 11 per cent growth in revenue.

Air India recorded 11 pc revenue growth in 2017-18, says Kharola

The airline's fiscal and performance parameters were good in the last financial year.

12 Apr 2018 2:44 PM

Finance Minister Arun Jaitley. (Photo: PTI)

Govt collects over Rs 1 lakh cr through PSU disinvestment: Jaitley

So far, Department of Investment and Public Asset Management has raised Rs 1,00,056 crore through disinvestment.

29 Mar 2018 11:44 AM

The airline has already received more than Rs 26,000 crore under the package. (Photo: File)

Govt expects winning bidder for Air India by June-end: Sinha

Expression of interest in Air India disinvestment has come from no-frills airline IndiGo and a foreign bidder.

02 Feb 2018 5:17 PM

Union Minister Jayant Sinha. (Photo: PTI)

Air India's domestic, global operations to be sold together: Jayant Sinha

Govt is still in the process of identifying which subsidiaries of Air India should be offered separately.

01 Dec 2017 6:27 PM

Union Minister of State for Civil Aviation Jayant Sinha. (Photo: PTI/File)

Tatas have shown interest in Air India: Jayant Sinha

Government has given its nod for disinvestment of Air India, which has a debt of over Rs 50,000 crore.

01 Dec 2017 10:00 AM

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