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AIR INDIA SPV
Maharashtra govt gets iconic Air India building for ₹1,601 croreState-run AIAHL, a special purpose vehicle (SPV), holds the non-core assets that were not part of the government's strategic sale of Air In...- Air India's capital assets to fly to a holding companyAs per the government’s plan to make the state-owned airline attractive to potential buyers, its capital assets are being transferred to Ai...
- Govt may extend deadline to bid for Air IndiaInterested bidders can now have access to the "virtual data room" of Air India, officials said adding that more queries are expected to com...
- Budget 2020-21: Rs 3,797 crore earmarked for Aviation MinistryFor the purchase of two B777 aircrafts - which would be for travel of the prime minister, president and vice president - the government has...
- Govt approves divestment of Air India; EoI to be out by this monthThe Amit Shah-led committee, which met today, approved all proposals on debt transfer from Air India to an SPV. “All issues have been clear...
- Budget 2019: Rs 4,500 cr earmarked for Aviation Ministry in 2019-20The Centre has allocated Rs 480 crore for regional connectivity scheme UDAN.
- CPSEs under strategic sale asked to immediately prepare list of non-core assetsGovt has already identified about 35 CPSEs for strategic sale including Air India, Pawan Hans, BEML, Scooters India and Bharat Pumps Compre...
- Cabinet clears SPV for transfer of Air India loans, subsidiariesThe Union Cabinet has given ex-post facto approval for the creation of the SPV and associated activities for the disinvestment of Air India...
- Budget 2019: SPV gets Rs 1300 crore for FY19 to service Air India's debt, Rs 2600 cr for FY20The allocations for the next fiscal has also been doubled to Rs 2,600 crore, which will used to service the debt of Rs 29,000 crore that th...
- Govt eyes about $1 billion from Air India saleThe govt plans to initiate the process of disinvestment Air India in the second half of 2019-20
- For second month in a row, Air India delays salariesAir India had failed to pay to its over 20,000 employees on time for most of the months last year.
- Government eyes Rs 9,000 crore from sale of land, realty assets of Air IndiaThe funds raised through sale of the properties would be used to reduce the Rs 29,000 crore debt, held in the SPV.
- Government okays plan to halve Air India's Rs 55,000 crore debtAs per the plan, the govt will transfer Air India's working capital debt of about Rs 29,000 crore to AIAHL.
- Air India bailout plan not alternative to divestment: CMDHe said discussions are in advanced stage for transferring Rs 29,000 crore out of Air India's near Rs 55,000 crore total debt to a special ...
- Government invites bids to sell 76 per cent stake in Air IndiaThe government, which has issued advertisements for Expression of Interest (EOI) today, has said that the companies or consortium bidding f...
- In next 6-8 months, we expect to get bids for Air India: Jayant Sinha“Air India does not remain a strategic priority any longer for the Government of India”
- Air India Express, AI-SATS to be part of Air India saleAll non-core assets, like the Air India building in Mumbai and other offices, will not be part of the sale and become part of the special p...
- New owners of Air India won't have to worry about the airline's debtGovt decides to transfer all debt and assets of Air India to a SPV to be managed by the government. The airline will be sold only with airc...
- IndiGo may end up biting off more than it can chewThe combined entity - if the acquisition takes place, will have more than 50% market share in India.
- SPV to free Air India of debt in the worksBanks and Air India officials attended the meeting, after which the airline has started its spadework on the modalities of asset and debt t...
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