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03 Dec 2021

Air India Sale: AI union moves Madras HC against disinvestment

A writ petition filed by ACEU wanted the court to restrain disinvesting without taking into consideration the employees. ACEU represents 5,000 Air India employees. The ACEU stated that there are 20,000 employees in Air India.

27 Oct 2021

Air India sale: Centre asks ministries, departments to clear dues

The government has decided to sell Air India to Talace Pvt Ltd, a Tata Group company. The deal involves a 2,700 crore cash payment and takeover of the airline's Rs 15,300 crore debt. The government is divesting its 100 per cent ownership of Air India and Air India Express.

13 Oct 2021

Air India-Tata deal: AI unions raise cash, accommodation, other concerns

Air India Unions are demanding that the employees should be allowed to stay in airline flats till monetisation or at least for a year. Tata Group has assured a one-year employment guarantee. The unions have also requested the ministry to allow employees to continue living in the colonies.

09 Oct 2021

Air India sale: Here’s how UPA’s years of mismanagement dethroned Maharaja

The UPA-led government decided to merge Air India and Indian Airlines. The merger proved to be a disastrous move. The merger led to a total loss of more than Rs 10,000 crore.

08 Oct 2021

Air India back in the hands of Tata Group after 68 years, wins bid for 18,000 crores

Tata's wholly owned subsidiary Tales Pvt Ltd made an enterprise value (EV) bid of Rs 18,000 crore, with debt of Rs 15,300 crore and a cash component of Rs 2,700 crore. Following which the Government of India on Friday announced Tata Group as the winning bidder for Air India.

08 Oct 2021

Return of Air India to the Tatas after 68 years --Here's all you want to know

Tata Group had founded Air India in October 1932 as Tata Airlines. Tata Airlines was nationalised in 1953. The government sold 100 per cent of its stake.

08 Oct 2021

Tata Sons acquires Air India, makes winning bid of Rs 18,000 crore

Tata Group had founded Air India in October 1932 as Tata Airlines. Tata Airlines was nationalised in 1953. The government is seeking to sell 100 per cent of its stake.

01 Oct 2021

Air India disinvestment: Tata Sons winning bid for AI incorrect, says DIPAM

Tata Group had founded Air India in October 1932 as Tata Airlines. Tata Airlines was nationalised in 1953. The government is seeking to sell 100 per cent of its stake.

01 Oct 2021

Air India disinvestment: Tata Sons selected as winning bidder

Tata Group had founded Air India in October 1932 as Tata Airlines. Tata Airlines was nationalised in 1953. The government is seeking to sell 100 per cent of its stake.

29 Sep 2021

Air India disinvestment: Govt starts Tata, SpiceJet founder’s bids evaluation

Tata Group had founded Air India in October 1932 as Tata Airlines. Tata Airlines was nationalised in 1953. The government is seeking to sell 100 per cent of its stake.

16 Sep 2021

Air India sale: Tata, SpiceJet chief Ajay Singh put in financial bids

The minister also noted that the government is currently evaluating technical aspects of the bids received. Tata Sons, the holding company of India's largest conglomerate, and SpiceJet chief Ajay Singh are among those who submitted financial bids. Tuhin Kanta Pandey, secretary of the department, is running the privatisation process.

12 Sep 2021

Air India sale: Centre exempts TDS on transfer of assets to SPV

The CBDT has said that no TDS shall be deducted under section 194Q in case of transfer of goods by Air India Ltd to AIAHL. No TDS shall be deducted under section 194-IA of I-T Act on payments made to Air India for transfer of immovable property to AIAHL. CBDT also said that Air India would not be considered as 'seller' for the purposes of deduction of TCS.

14 Apr 2021

Air India sale: Govt begins process for inviting financial bids

Transaction now moved to financial bids stage. Govt selling entire 100% stake in Air India. Air India in losses ever since its merger in 2007.

26 Aug 2020

Deadline for Air India bids extended till October 30

The process of stake sale in the national carrier was initiated on January 27. This is the fourth extension given by the government for putting in bids. Also the date for intimation to qualified interested bidders (QIB) has been extended by over two months till November 20.

27 Jan 2020

Air India sale: All eyes on potential bidders like Tatas, Hindujas, IndiGo

Prospective buyers would have to respond to the Expression of Interest (EoI) by March 17, 2020.

Air India disinvestment

20 Jun 2018

Government committed to Air India's strategic disinvestment: Jayant Sinha

A plan is also being worked out by the Air India board and the situation was reviewed after the proposed strategic stake sale of the national carrier failed to attract any bidders last month.

Khadi and Village Industries Commission

19 Jun 2018

Air India to continue giving Khadi amenity kits to international passengers

The amenity kit will include a number of Khadi products, like soaps, moisturisers and lip balms.

Air India disinvestmen

01 May 2018

Air India stake sale: Govt extends EoI deadline to May 31

Besides, the qualified interested bidders would be intimated on June 15.

Air India disinvestmen

01 May 2018

Govt issues clarifications on Air India stake sale

It had issued preliminary information memorandum on March 28 for the proposed sale of up to 76 percent stake in Air India along with management control to private entities.

31 Mar 2018

Air India sale a scam in the making, I am watching the deal: Subramanian Swamy

Swamy has threatened to file a complain if he finds anything wrong with the deal.

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