Taking lessons from last year’s failed attempt to privatise Air India, the government has, this time round, decided to share the actual “sale and purchase agreement (SPA)” privately with prospective bidders at the EoI (expression of interest) stage itself to help them take long-term view of the various liabilities and accordingly plan their funding for the deal.

The fresh EoI, being prepared under the supervision of a home minister Amit Shah-led ministerial panel, would be out later this month.

NEW DELHI : Air India is offering 25% discount on its 'Ghumo India Family'. Air India's latest offer is with a view to promote heritage sites and prominent tourist destinations in India, where families travelling together will get discounted tickets, the carrier mentioned on its website. Here is all you need to know about Air India 'Ghumo India Family' offer.

New Delhi: The wait for Air India flight connecting New Delhi to Toronto is over. The airline is all geared up for the inaugural flight to Toronto on 27th September, which also happens to be World Tourism Day. The flight connecting Delhi to Toronto will run thrice a week from tomorrow. The flights on the route will operate on Monday, Wednesday and Friday.

New Delhi: India aims to sell two or three state-owned firms to local or foreign firms to raise up to ₹60, 000 ($8.5 billion) by March 2020, a senior Finance Ministry official said on Monday.

The government planned to sell Bharat Petroleum Corp Ltd, logistics firm Container Corp of India Ltd and debt-laden Air India before the end of the 2019/20 financial year, the official, who asked not to be named, told reporters.

A group of ministers, led by Home Minister Amit Shah, on Thursday set the ball rolling on disinvestment of state-owned Air India. This is the second attempt of the Modi government to sell Air India after a previous attempt failed to generate any interest.

Officials aware of the deliberations in a meeting of AISAM on Thursday said the agenda was to seek a formal political approval for the re-initiation of the privatisation process.

A group of ministers led by Home Minister Amit Shah is set to meet on Thursday to discuss Air India privatization as the government looks to reduce its stake in the state-run carrier. The panel, which will have Finance Minister Nirmala Sitharaman, Commerce and Industry Minister Piyush Goyal and Civil Aviation Minister Hardeep Singh Puri, will discuss key issues relating to selling 100% stake in the airline,

Air India Assets Holdings Ltd (AIAHL), a special purpose vehicle, has raised Rs 7,000 crore through a bond issue, which was subscribed nearly three times.

AIAHL had come out with its maiden bond issue for Rs 1,000 crore with an option to retain an additional subscription of up to Rs 6,000 crore. The bonds are fully-backed by the government.

New Delhi: Air India posted an operating loss of around Rs 4,600 crore in the last financial year mainly due to higher oil prices and foreign exchange losses but the debt-laden carrier expects to turn operationally profitable in 2019-20, according to senior officials.

New Delhi: Air India posted an operating loss of around Rs 4,600 crore in the last financial year mainly due to higher oil prices and foreign exchange losses but the debt-laden carrier expects to turn operationally profitable in 2019-20, according to senior officials.

The state-run carrier Air India is still the market leader to fly on international routes with more than double the capacity of rival IndiGo, the airline said on Monday. The clarity on the matter comes a day after a report said that the Maharaja has been pipped by IndiGo as the later “now has the largest share of international seats to/from India”, a consultancy firm, Centre for Asia Pacific Aviation (CAPA), said in its report on August 31.

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