The Airports Authority of India (AAI) will meet about 60 percent of its total outlay for the next financial year through debt, as they pay 100% of their Profit After Tax (PAT) to the government as dividend. The Budget...
Government to complete Air India sale by next fiscal: Survey
The Economic Survey today suggested that the government should complete Air India disinvestment within the next financial year. The agenda for 2018-19, as suggested by the Survey, includes stabilising GST, completing...
Boeing willing to preserve Brazil’s ‘golden share’ in Embraer deal
Boeing Co (BA.N) is working to overcome the Brazilian military’s objections to its proposed tie-up with Embraer SA (EMBR3.SA) with alternatives that would preserve the government’s strategic veto rights and ensure...
AirAsia India says no plans to look at Air India stake
Low-frills carrier AirAsia India has ruled any plans to participate in the Air India stake sale, saying its focus remains on the building the existing brand and flying international, which is expected to happen from...
Ryanair wants to buy parts of Austrian airline Niki
Irish airline Ryanair (RYA.I) said on Monday it had contacted the Austrian administrator of insolvent holiday airline Niki to express its interest in buying some of its assets. Niki’s German administrator said earlier...
Swiss airline Belair taken over by investment company SBC
Swiss airline Belair, formerly part of collapsed low-cost carrier Air Berlin (AB1.DE), has been taken over by German investment company SBC. SBC, based in Duesseldorf, said on Monday it wanted flights to resume as soon...
49% FDI in aviation: The political privatisation of Air India is underway
The government has taken one more small step in coming to grips with one of the most difficult parts of giving a decent burial to the Indian public sector – privatising Air India. It has allowed foreign airlines to own...
Govt to split Air India into four parts ahead of sale
India will break up its debt-burdened flag carrier into four separate companies and offer to sell at least 51 percent in each of them as part of a disinvestment proposed by Prime Minister Narendra Modi. The core airline...
Let it go: Letter to BS on govt may hold 26% in Air India after sell off
Your front-page report “Govt may hold 26% stakes in Air India after sell off” (January 12) unfolds a new twist in this never-ending saga of government’s decision to privatise the terminally sick behemoth Air India. Like...
Air India stake sale: Government mulls absorbing employees in PSUs
The government is exploring options of absorbing Air India employees in public sector enterprises and voluntary retirement package as it moves ahead with the airline’s disinvestment amid stiff opposition from...
Govt may hold on to around a 26% stake in Air India after sell-off
India may not fully privatise its beleaguered airline Air India. While policy think tank NITI Aayog had recommended a 100 percent stake sale, the government may hold on to around a 26 percent stake to be sold later. A...
Air India sale: Parliamentary panel actually supports it
The majority view of the Parliamentary Panel headed by TMC leader Derek O’Brien is to sell the national carrier Air India, and not for the government to keep running the loss making airline. This is diametrically...
