The government is likely to allow Non-resident Indians (NRIs) to bid for 100 per cent stake in Air India. A subsequent clarification will be issued as an expression of interest (EoI) for the airline didn’t have that...
SA firm seeks govt help to sell 10% stake in Mumbai International Airport
After the Bidvest Group, Airport Company of South Africa (ACSA) has sought help from the ministry of external affairs (MEA) and the ministry of civil aviation to sell its 10 per cent stake in Mumbai International...
Govt plans to sell 15% stake in HAL via offer for sale, bid by Feb 21
The government is planning to sell 15 per cent stake in Hindustan Aeronautics Ltd (HAL) through an offer for sale, which could fetch about Rs 4,000 crore to the exchequer. The government is looking to appoint up to...
Air India sale: India discusses with nine companies, including IndiGo, Tata Sons and IAG
Indian officials met with as many as nine companies during roadshows to gauge interest in a stake sale in the nation’s loss-making flag carrier, people with knowledge of the matter said. Officials from the South Asian...
Supreme Court asks Bidvest unit to move Delhi HC for MIAL stake sale
The Supreme Court (SC) on Tuesday directed a Bidvest Group company to go to the Delhi High Court to challenge an arbitration tribunal’s interim order that restrained it from transferring its stake in Mumbai...
Air India divestment process finally takes off, with sweetened deal terms
Almost two years after a failed attempt, the government on Monday launched the biggest privatisation exercise in value terms, inviting preliminary bids for Air India with sweetened deal terms. Full management control...
Brazil antitrust regulator gives nod to Boeing-Embraer deal
Brazilian antitrust regulator Cade on Monday approved Boeing Co’s purchase of Embraer SA’s commercial aviation division without restrictions, according to a statement on the agency’s website. Cade’s top administrative...
Air India bidders must absorb $3.3 billion debt to buy airline
Bidders for Air India Ltd will need to absorb $3.26 billion of its debt, as Prime Minister Narendra Modi’s administration tries once again to sell the national carrier. The entire company will be sold but effective...
Govt to sell 100 pc stake in Air India; issues bid document
The government has published a memorandum on preliminary information for 100% stake sale of national carrier Air India whereby the management control of the airline would also be transferred to the successful bidder...
India calls for bids as it seeks to sell entire stake in Air India
India said on Monday it plans to sell its entire stake in Air India, in a revised push to sell its national carrier after an initial attempt to sell a majority stake in the airline failed to draw a single bid in 2018. A...
Jet Airways to sell Netherlands business to KLM
Bankrupt Jet Airways plans to sell its Netherlands business to KLM Royal Dutch Airlines, according to a regulatory filing. The domestic full-service carrier, which shuttered operations last April, is undergoing...
GMR Infra to sell 49 pc stake in airport biz to Tata Group subsidiary
GMR Infrastructure on Thursday said it will sell 49 per cent stake instead of 44.44 per cent in its airport business to Tata Group subsidiary TRIL Urban Transport, as the group continues with efforts to trim its debt...
