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Latest Articles in air india

Centre Ran Transparent, Flexible Process; Honoured To Participate In Air India Bidding: SpiceJet CMD

The government announced on Friday that Tata Sons' wholly-owned subsidiary Talace Private Limited has beaten the Singh-led consortium to win the bid to acquire debt-laden Air India by offering Rs 18,000 crore.

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Tata Sons Wins Bid To Acquire Air India

Tatas' winning bid of Rs 18,000 crore comprises taking over Rs 15,300 crore of debt and paying rest in cash; Air India's handover to Tatas is expected by Dec.

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Divestment Of Air India: DIPAM, Moca To Address [email protected]

At 4PM, October 08, the Secretary of DIPAM and the Ministry of Civil aviation will address the media. It is expected that an update or a decision on the process of disinvestment of Air India may be shared

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Tata Group Better Corporate For Handing Over Air India, Says Montek Singh Ahluwalia

Tata Sons has emerged as the top bidder for the takeover of the state-run airline but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah.

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Can't Talk Of AI Bid; Its Brand Will Be Restored To Previous Glory After Privatisation: Spicejet CMD

The government is seeking to sell 100 per cent of its stake in the state-owned national airline, including Air India''s 100 per cent shareholding in Air India Express Ltd and 50 per cent in Air India SATS Airport Services Private Ltd.

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Air India Disinvestment: Centre Has Not Taken Any Decision On Winning Bid So Far, Says Piyush Goyal

Tuhin Kanta Pandey, Secretary to Department of Investment and Public Asset Management (DIPAM) -- the government department responsible for privatisation -- had said in a tweet on Friday that the Centre has so far not approved any financial bid for Air India.

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Airline Stocks Take Hit On Reports Of Air India-Tata Sons Buzz

The aviation stocks saw selling after news reports came to the fore that Tata Sons is leading the race for Air India. InterGlobe Aviation, which operates IndiGo, fell nearly 3 percent at 13:53 PM on October 1. SpiceJet and Jet Airways shed around half a percent each.

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Tata Sons Said To Win Air India Bid As DIPAM States 'Official Approval Pending'

It is all but confirmed that the highest bidder, Tata Sons, is all set to win the financial bid in Air India disinvesment. However, the Department of Investment & Public Asset Management has cautioned that government's final decision is still awaited.

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Govt Begins Air India Bid Evaluation

The financial bids are being evaluated against an undisclosed reserve price and the bid offering the highest price above that benchmark would be accepted.

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Air India Chairman Rajiv Bansal Appointed Aviation Secy, K Rajaraman Telecommunications Secy

Steel Secretary Pradip Kumar Tripathi has been appointed as the Secretary, Department of Personnel and Training (DoPT)

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Govt Receives Financial Bids For Air India Disinvestment; Tatas Among Suitors

The government is seeking to sell 100 per cent of its stake in the state-owned national airline, including Air India's 100 per cent shareholding in AI Express Ltd and 50 per cent in Air India SATS Airport Services Private Ltd.

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Tata, Ajay Singh Submit Bid For Air India

The bidding process for the sale of Air India is moving towards conclusion as its known now that Tata Sons and SpiceJet promoter Ajay Singh submitted their respective bids for the Air India sale on Wednesday.

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Air India Flight With Union Minister Shobha Karandlaje Onboard Faces Technical Glitch

The flight, 9I 517, from Bengaluru to Hyderabad, which was scheduled to leave at 6:45 pm, faced a technical glitch, according to a statement issued by the minister's office.

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Govt Sticks To Sep 15 Deadline For Putting Financial Bids For Air India

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.

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Air India To Refund 250 Crores As Flight Cancelled Due To Pandemic.

Amid the ongoing pandemic, there has been a fluctuation of money and growth in large and small scale businesses. Going ahead a well-known airline Air India Also known as The national carrier has to refund Rs 250 crore to its customers due to the flight's cancellation during the pandemic.

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