The Air India stake sale has drawn a blank with the government reporting that it has not received any bids after the deadline for submitting expressions of interest ended on Thursday. All possible options including...
Air India disinvestment: Unions celebrate as national carrier draws no EoIs
Air India employee unions today claimed “victory” as the government failed to attract bidders for the loss-making airline’s strategic disinvestment. “No bids for Air India, victory for joint...
Air India sale unlikely if price not right: Secretary
The government may not sell Air India if it does not get the right price, aviation secretary RN Choubey told reporters on Tuesday. “The government retains the right to sell or not to sell Air India if the bid price is...
Jet Airways chief says Air India privatisation on his radar
Jet Airways is not ruling out looking at the sale of loss-making national carrier Air India, its chairman said, although he remains focused on his own airline. “We are looking at our own business,” Naresh...
Embraer breakup complications are delaying its deal with Boeing – sources
The tricky work of divvying up the three business segments of Brazilian planemaker Embraer SA (EMBR3.SA) has been delaying an agreement to combine operations with Boeing Co (BA.N), three people with knowledge of the...
Lot of interest for Air India stake sale: Civil aviation secretary
The government on Thursday said that there is a great deal of interest for disinvestment of Air India Ltd, amid the deadline for submission of preliminary bids ending this month. The last date for submission of...
Tata Group unlikely to bid for Air India as terms too onerous
India’s steel-to-autos conglomerate Tata Group, widely seen as a potential suitor for Air India Ltd, is unlikely to consider a bid for the state-run carrier as the government’s terms are just too onerous, two people...
Government denies approval for Jet Airways-Jet Lite merger
Jet Airways on Wednesday said the government has not given approval for the merger of its subsidiary Jet Lite with itself, nearly three years after the proposal was announced by the full-service carrier. The merger...
Air India sale: Centre eases bid conditions, extends deadline to May 31
The civil aviation ministry has extended the deadline for submitting expressions of interest (EoIs) for Air India by a fortnight to May 31 and has decided to allow shortlisted bidders to change partners in the...
Airbus, Bombardier hope to close CSeries deal by late May – sources
Airbus SE (AIR.PA) and Bombardier (BBDb.TO) aim to close a deal giving the European planemaker a majority stake in the Canadian company’s CSeries jetliner program by the end of May, ahead of an initial timetable, two...
Govt looks past airlines for Air India sale
The government is counting on investors outside the aviation industry as suitors for Air India to keep competition high for the national carrier that is up for sale. Neeraj Kumar Gupta, secretary in the department of...
Dassault to continue Reliance Group joint venture
French company Dassault Aviation SA will continue its joint venture with Anil Ambani’s Reliance Group to manufacture aircraft components despite the latter being embroiled in litigation in India, slowing down its...
