For the purchase of two B777 aircrafts - which would be for travel of the prime minister, president and vice president - the government has...

The Amit Shah-led committee, which met today, approved all proposals on debt transfer from Air India to an SPV. “All issues have been clear...

The Centre has allocated Rs 480 crore for regional connectivity scheme UDAN.

Govt has already identified about 35 CPSEs for strategic sale including Air India, Pawan Hans, BEML, Scooters India and Bharat Pumps Compre...

The Union Cabinet has given ex-post facto approval for the creation of the SPV and associated activities for the disinvestment of Air India...

The 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...

The govt plans to initiate the process of disinvestment Air India in the second half of 2019-20

Air India had failed to pay to its over 20,000 employees on time for most of the months last year.

The funds raised through sale of the properties would be used to reduce the Rs 29,000 crore debt, held in the SPV.

As per the plan, the govt will transfer Air India's working capital debt of about Rs 29,000 crore to AIAHL.

He 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 ...

The government, which has issued advertisements for Expression of Interest (EOI) today, has said that the companies or consortium bidding f...

“Air India does not remain a strategic priority any longer for the Government of India”

All 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...

Govt 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...

The combined entity - if the acquisition takes place, will have more than 50% market share in India.

Banks and Air India officials attended the meeting, after which the airline has started its spadework on the modalities of asset and debt t...