International Finance Corporation (IFC) has evinced interest in the sale process of government-owned Air India (AI). The World Bank’s private investment arm is assessing the potential investment opportunity and seems...
Brazil’s Temer says has not seen proposal for Boeing-Embraer tie-up
Brazilian President Michel Temer said on Friday that he has not yet received a proposal for a tie-up between Boeing (BA.N) and Brazilian planemaker Embraer (EMBR3.SA) that is expected to entail the creation of a third...
Govt comes out with fresh info memorandum for Pawan Hans divestment
The government has came out with a fresh information memorandum for strategic stake sale of helicopter services provider Pawan Hans wherein bidders need to have a minimum net worth of Rs 500 crore. The latest memorandum...
How Air India disinvestment is unfolding: Four foreign carriers may bid
The government is optimistic on the sale of Air India despite prospective Indian airline bidders apparently withdrawing one after the other from the race. It appears that at least four international carriers — British...
Etihad sends feelers to Anil Ambani to buy 76% stake in Air India
Gulf airline major Etihad is planning to bid for state-owned carrier Air India. Etihad is looking for partners in major Indian corporate groups and has sent feelers to Anil Ambani-owned Reliance group (ADAG). The Union...
After IndiGo, Jet, now Tata may not bid for Air India citing onerous terms
The Tata Group, widely seen as a potential suitor for Air India, is unlikely to consider a bid for the carrier as the government’s terms are just too onerous, two sources said. India, keen to sell the loss-making, debt...
Lufthansa, easyJet submit revised offers for Alitalia
Lufthansa (LHAG.DE) has joined easyJet (EZJ.L) in expressing interest in struggling Italian carrier Alitalia, the airlines said on Tuesday. EasyJet said it has submitted a revised expression of interest for a...
Govt fails to attract bidders, pulls out memo for Pawan Hans disinvestment
The government has withdrawn the preliminary information memorandum for proposed disinvestment of helicopter services provider Pawan Hans, after failing to attract enough bidders. Pawan Hans is a joint venture under the...
After IndiGo, Jet Airways not to participate in bid for stake in Air India
Jet Airways has decided not to participate in the bid for a stake in Air India, further denting the divestment process. The move comes four days after IndiGo’s decision to back out of bidding. While Jet Airways had...
Still waiting to see if IndiGo bids for Air India: Government
The government today said it will still want to see if IndiGoNSE -0.33 % bids for Air India, even as the budget carrier had last week announced its decision not to bid for the national carrier. Civil Aviation Secretary...
Any more delay in disinvestment can lead to Air India’s unnecessary extinction
Political discourse has reached such absurd proportions in our country that it is becoming increasingly impossible to expect a consensus on any issue. The disinvestment of Air India could be a potential victim of the...
Swiss Aviation Consulting may bid for Air India assets
Aviation advisory firm Swiss Aviation Consulting (SAC) has shown interest in bidding for India’s debt burdened state-run carrier Air India, the Economic Times newspaper quoted a senior aviation ministry official as...
