NEW DELHI, Jan 27 – India’s Tata Group took control of state-run carrier Air India on Thursday, regaining ownership of the airline after nearly 70 years and marking a victory for Prime Minister Narendra Modi’s privatisation push. The auto-to-steel conglomerate in October won the bid to take over Air India […]
DELHI, DECEMBER 20:The Competition Commission of India (CCI) approves acquisition of shareholding in Air India Limited, Air India Express Limited and Air India SATS Airport Services Private Limited by Talace Private Limited. The proposed combination envisages acquisition of 100% equity share capital of Air India Limited (Air India) […]
Summary Tata will need to restore brand’s luxury reputation – experts Major financial investment will be required Tata would need over $1 bln to refurbish Air India’s fleet NEW DELHI, Oct 19 – Tata Sons’ $2.4 billion purchase of debt-ridden, government-owned Air India will give the conglomerate immediate […]
NEW DELHI, Oct 8 – Tata Sons will resume control of Air India after bidding $2.4 billion, including equity and debt, the government said on Friday, marking the end of years of struggle to privatise the financially troubled airline. A successful sale of the loss-making national flag carrier […]
(Eds: Updating with AI employee unions reax, more quotes and details) New Delhi, Oct 8:Tata Sons will retake Air India – the airline it founded nearly 90 years back – as the government accepted its winning bid of Rs 18,000 crore to acquire 100 per cent of the […]
NEW DELHI/BENGALURU, Sept 15 – The Indian finance ministry said on Wednesday that the debt-laden state-run airline Air India has received financial bids for its privatisation process. “Financial bids for Air India disinvestment received by Transaction Adviser,” Tuhin Kanta Pandey, secretary, Department of Investment and Public Asset Management, […]
New Delhi, Jul 29: Air India has sold its 115 properties for Rs 738 crore since 2015 to offset its debt, Minister of State for Civil Aviation V K Singh said on Thursday. According to the decision of Air India Specific Alternative Mechanism (AISAM) in 2018, disinvestment-bound Air India […]
New Delhi, Dec 20: Privatisation of Air India may spill into next fiscal year as the divestment process is unlikely to conclude in the remaining a little over three months of 2020-21, an official said. Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among “multiple” entities that […]
New Delhi, May 11: The civil aviation ministry has told Air India that it should prepare 2018-19 financials for itself and its subsidiaries by end of June as the Prime Minister’s Office (PMO) has decided to speed up the disinvestment process of three of its wings, according to an […]
Dubai, Jan 24: Air India Express will launch its first direct flight service from Surat to Sharjah on February 16 and will also expand services from Gulf to Kannur in Kerala. The carrier, the international budget arm of Air India, will deploy Boeing 737-800 NG aircraft on this route. […]
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