Govt settled Air India's Rs 61,000 cr debt before transfer to Tatas
New Delhi: The Centre has settled more than Rs 61,000 crore of Air India's legacy debt and other liabilities that were left in Air India Assets Holding Limited (AIAHL) -- before the transfer of the national carrier to the Tata Group, media reports said.
New Delhi/IBNS: Tata Sons Chairman N Chandrasekharan on Thursday said he is "convinced that the golden age of Air India lies ahead" as he welcomed the employees of the airline addressing them as "members of the Air India family".
Tatas to take over Air India on Thursday, new board to pilot the airline
New Delhi/UNI: Tata group is all set to take control of Air India on Thursday marking the end of long-running disinvestment process for the loss-making carrier.
Banks offer Rs 35,000 cr loan to Air India's new owner Talace promoted by Tata
Mumbai/IBNS:Air India has been offered a loan of over Rs 35,000 crore at a weighted-average yield of 4.25 percent, the cut-off rate at which the government last raised one-year money through an auction of 364-days treasury bills, ET reported.
Expat CEO to lead Air India; board to be reconstituted: Report
Mumbai/IBNS: Tata Sons has chosen a non-Indian CEO to head Air India and also shortlisted members for reconstituting the board of the acquired national career before it finally takes over in January 2022, media reports said.
Air India Disinvestment: Ratan Tata, Chandrasekaran to soon meet panel of ministers led by Amit Shah
New Delhi/IBNS: Tata Group chairman emeritus Ratan N Tata and Tata Sons chairman Natarajan Chandrasekaran are likely to soon meet a panel of Union ministers led by Home Minister Amit Shah to talk about the final parts of the salt-to-software conglomerate’s bid for Air India, two sources aware of the negotiations have told Moneycontrol.
Air India disinvestment: Minimum reserve price decided, successful bidder likely finalised
New Delhi/IBNS: The government has decided on the minimum reserve price for national carrier Air India as it moves forward to end the disinvestment process by the end of the ongoing fiscal year, media reports said.
Tatas, SpiceJet place financial bids for Air India
New Delhi/IBNS: Salt-to-steel conglomerate Tata has moved a step closer to own Air India, an airline started by J R D Tata way back in 1932 as Tata Airlines, as media reports said that it has put in a financial bid for the airline.
New Delhi/IBNS: The government has started the process of financial bids for the cash-strapped national carrier Air India (AI) on Wednesday as Civil Aviation Minister Jyotiraditya Scindia said September 15 date is fixed for the process and will not be changed, according to media reports.
Air India sale to be concluded by September as govt invites financial bids
New Delhi/IBNS: The sale of national carrier Air India has reached the financial bidding stage and the transaction is likely to be concluded by September this year, said media reports.
Ras Al Khaimah Investment Authority, Ankur Bhatia not bidding for Air India : Report
Mumbai/IBNS: Ras Al Khaimah Investment Authority and Bird Group promoter Ankur Bhatia are not bidding for the national carrier Air India Limited along with SpiceJet chairman Ajay Singh, spokespersons for Ras Al Khaimah government and Bird Group have said, reported Mint.
Air India: Confusion over debts, assets complicates disinvestment
Mumbai/IBNS: Even as the government plans to invite financial bids for the sale of national carrier Air India, after shortlisting expressions of interest for the second phase of the deal, those in the fray are still not aware of the quantum of assets and debts that will be part of the takeover, said a media report.
Mumbai/IBNS: The government is planning to invite financial bids for disinvestment of national carrier Air India by the end of this month with the aim to complete the privatisation process in the second part of this calendar year.
Ahead of Air India' strategic disinvestment, Tata increases stake in AirAsia India
Mumbai/IBNS: Tata Sons is all set to buy AirAsia Berhad's majority stake in AirAsia India as all eyes are set on the second phase of Air India deal, which reportedly the Tatas are most likely to win.
New Delhi/IBNS: The Indian government seems to have made some headway in the disinvestment of financially-hit Air India as it received "multiple expressions of interest" and "the transaction will now move to the second stage", the Department of Investment and Public Asset Management said Monday.