AIR INDIA DISINVESTMENT
Air India launches flights between Bhubaneswar and Surat
"Air India will operate the direct flights between Bhubaneswar and Surat twice a week," the Director of Biju Patnaik International Airport, B Venkateshwara Rao, said. He informed that the airline will operate the flights from Bhubaneswar to Surat on Mondays and Thursdays and from Surat to Bhubaneswar on Fridays and Sundays.
Air India to set up internal panel to address privatisation-related issues of employees: Source
At a meeting between the minister and represe...
Air India reinstates senior pilot found guilty of sexual harassment
A senior Air India pilot who was suspended in May last year after being a...
Air India unions to demand voluntary retirement scheme in Monday meeting
"Our members have been approaching us and want us to discuss a voluntary retirement scheme package with the government as it is expected that our job will be protected only for one year post privatisation. We are going to raise this issue at the meeting with the minister on Monday," an airline source told PTI.
Will ensure disinvestment-bound Air India keeps operating uninterruptedly: Aviation Ministry
In December, Air India chief told the ministry that the carrier's financial situation was "grossly untenable" for sustaining operations. Thus, the ministry asserted on Twitter,"MoCA reiterates that the Government, while going ahead with the disinvestment, would ensure that Air India continues to operate uninterruptedly and improves its operations also."
Air India on block but Boeing 747’s VVIP duty continues
The government has almost finalised bid documents for the privatisation of Air India.
Domestic air passenger traffic grows by just 3.74% in 2019 compared to 18.6% in 2018: DGCA
Commenting on the 2019 data, a senior official of the Directorate General of Civil Aviation said, "A bit disappointing. In 2019, we faced headwinds on account of Jet Airways but 2020 is going to be different and the double digit growth should be back sooner rather than later."
What is strategic sale? How is it different from disinvestment?
It looks highly unlikely that the disinvestment target will be met in the current fiscal. The next Budget for 2020-21, to be presented on February 1, will have another target for disinvestment. So, what exactly is a strategic sale and how is it different from disinvestment.
Budget 2020: Is it time for a more realistic disinvestment target?
India needs more realistic disinvestment targets so that the fiscal math is not affected towards the end.
Successful disinvestment of BPCL, CONCOR to lay foundation for much bigger stake sell programme: Garg
Announcement of a strategic disinvestment plan in the Budget will send a positive message, Garg said.
Air India unable to move engine due to Rs 100 crore GST dues
The airline hopes to pay the GST dues on Thursday, along with salary to employees. “We have raised the cash to pay for these things from our ticket sales. Hopefully, we will be able to send the engine to Vadodara once some GST dues are paid on Thursday, and then we raise the e-way bill required for that shipment,” said the official.
Air India cost saving plans to add over Rs 700 crore per annum, as govt readies plan to divest stake
While one initiative of moving to one ticket booking software for domestic flight bookings would save about Rs 519 crore in 2020, the other initiative of putting a bigger aircraft on Delhi-London route and smaller Dreamliner on Delhi-Washington route would add about Rs 100 crore to airline’s bottom line.
Foreign carriers won’t get Air India’s pilot seat
A relaxation would have meant that a foreign airline, along with an investment authority from its country of origin, could buy 100% in the national carrier and control Air India from headquarters based anywhere in the world.
'Cabinet approved disinvestment of stake in NINL, not NMDC'
Neelachal Ispat Nigam Ltd (NINL) is a joint venture company, in which four central PSUs -- MMTC, National Mineral Development Corporation (NMDC), Bharat Heavy Electricals Ltd (BHEL) and MECON -- and two Odisha government companies, IPICOL and Odisha Mining Corporation (OMC), are shareholders.
CCEA approval for disinvestment in NINL
The Cabinet Committee on Economic Affairs (CCEA) gave an approval for strategic disinvestment in Neelachal Ispat Nigam Ltd (NINL) by selling the government’s stake to a strategic buyer which would be identified through a two-stage auction procedure. NINL is a joint venture company with equity shareholding.
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