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Air India privatisation News

13 Apr 2021

Govt begins process for inviting financial bids for Air India sale

Salt-to-software conglomerate Tata Group was among the "multiple" entities that had put in preliminary bids for buying loss-making Air India in December last year. The transaction has now moved to the financial bids stage, the sources said, adding that the deal is expected to conclude by September. The government is selling its entire 100 percent stake in Air India that has been in losses ever since its merger with domestic operator Indian Airlines in 2007.

09 Aug 2020

Air India employees in stress due to pay cut: Binoy Viswam

Binoy Viswam said over the past two years, the entire Air India organization has been severely affected by the Government's decision to privatise the airline. President of Alliance Air Employees Union Binoy Viswom said that the incident is heart-wrenching and a cause of deep sorrow. Binoy said that the matter should be investigated to prevent any such incidents in the future.

31 Mar 2018

Air India sale a scam in the making, I am watching the deal: Subramanian Swamy

Swamy has threatened to file a complain if he finds anything wrong with the deal.

29 Mar 2018

UPA made the Maharaja a beggar: NDA Minister on Air India sale

He said the airline would be kept independent after the stake sale.

30 Jan 2018

SpiceJet "too small" to snap up Air India, says Ajay Singh

In June 2017, the government had decided to exit fully or partially the national carrier, which is sitting on Rs 60,000 crore debt.

10 Dec 2017

Choose right privatisation process for Air India: IATA chief

As part of efforts to revive ailing Air India, the government is working out the modalities for its strategic disinvestment.

Tata conglomerate

10 Oct 2017

Tata chairman Chandrasekaran says interested in bidding for Air India

The government has not said whether it will sell all or parts of Air India and what it might do about the loss-making airline`s debt burden of $8.5 billion.

19 Jul 2017

Ahead of privatisation, Air India to offer VRS to 15,000 employees

Air India is drawing up a proposal to offer voluntary buyouts to just over a third of its 40,000 employees, two government officials said, in what would be one of the largest such offers in India's state sector, as the airline slashes costs ahead of a 2018 sale.

IndiGo airlines

30 Jun 2017

Will not pursue AI bid if not profitable: IndiGo President

Having joined the race to buy out Air India, IndiGo President Aditya Ghosh has told employees that it will not embark on the journey if it is not profitable and jeopardises interests of the airline.

Arvind Kathpalia

29 Jun 2017

Govt appoints Arvind Kathpalia Air India operations director

Pilots at the airline had opposed the appointment of Kathpalia when his name was cleared for the post by the Appointments Committee of the Cabinet in March.

IndiGo airlines

29 Jun 2017

IndiGo airlines shows interest in buying stake in Air India

IndiGo said in a letter it would be interested in buying out the International operations of Air India and its low-cost wing, Air India Express.

29 Jun 2017

Only the brave will take on Air India: Anand Mahindra

The head of the Mahindra Group conglomerate, who is known for risky acquisitions, made it clear that he was not in contention.

22 Jun 2017

Air India debt unsustainable, should go to private hands: Arvind Panagariya

Air India should be privatised as its debt level is "simply not sustainable" and government action on the airline's future course is likely within six months, Niti Aayog vice chairman Arvind Panagariya said on Thursday.

Inter-ministerial consultations

20 Jun 2017

Govt looking at all options for Air India's revival including privatisation: Jayant Sinha

The debt-laden Air India is staying afloat on taxpayers' money and the government is looking at all options for its revival, including privatisation.

09 Jun 2017

No fresh plane order till clarity on privatisation: Air India

National carrier Air India on Friday said it will not place any order for new aircraft till there is clarity on its future course, including possible privatisation.

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