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Tag Archives: Air India

Indian government considering lifting ban on foreign airline investors in Air India

India’s government is mulling the possibility of making changes to the Foreign Direct Investment (FDI) norms that can help find more investors and open the process up for foreign entities looking to partake in the sale of national flagship carrier, Air India. Though the final decision will be made following talks with transaction advisors, sources have relayed that the government may extend the FDI policy to permit foreign carriers to …

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Parliament panels seeks information regarding Air India disinvestment decision

A Parliamentary panel is asking the government for more information surrounding the Air India disinvestment decision. The issue was tackled during the meeting of the Department-related Parliamentary Standing Committee on Transport, Tourism and Culture. Afterwards, an explanation was asked for the rationale behind the disinvestment decision from the civil aviation ministry. Sources have said that the aviation secretary was requested to appear before the panel on July 12. Last month, …

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Access to Indian market, slots at air hubs key attractions to investors in Air India

Access to the burgeoning Indian market and slots at hectic airports such as Delhi and Mumbai are expected to be significant lures for parties interested in investing in Air India. This was the astute assessment of industry experts after the Union Cabinet gave an in-principle nod for a stake sale in Air India. Bidders though, will be seeking for a clarification on debt restructuring and the level of government control …

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Indian cabinet endorses plans to privatize Air India

Indian government has approved plans to privatize troubled Air India in what is seen as an initial step to help the struggling carrier get back on its feet amid growing competition from low-cost rivals. Finance Minister Arun Jaitley made the announcement after a cabinet meeting wherein the government had given an “in-principle” approval for the sale of a stake in Air India. The approval, the first of a series of …

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Government considering retaining ownership of Air India

Though the Union Cabinet of Prime Minister Narendra Modi remains weeks away from deciding on the issue of privatizing Air India, the Civil Aviation Ministry is said to be considering the possibility of the government retaining ownership of the national carrier. According to a Senior Finance Ministry official who was present at the inter-ministerial deliberations on the draft Cabinet wrote on privatizing Air India, the Civil Aviation Ministry had expressed …

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Government creates committee to possibly privatize Air India

India’s government has created a Committee of Secretaries (CoS) to evaluate the possible privatization of Air India in a bid to save the debt-ridden national carrier. Members of the committee are set to carefully discuss the recommendations and procedures before settling on a method of privatization. “This is the first step before a cabinet note on privatizing Air India is floated by the aviation ministry. The committee will discuss the …

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