INSUBCONTINENT EXCLUSIVE:
Air India's total debt now stands at about ?43,000 crore.On September 15, Tata Sons and SpiceJet Chairman Ajay Singh officially submitted
their final bid to buy India's flag carrier Air India, raising hopes that the disinvestment process of the loss-making airline will be
completed in this financial year
disinvestment received by Transaction Adviser
DIPAM, for the uninitiated, is DIPAM stands for Department of Investment and Public Asset Management, which looks after the sale of
Bihari Vajpayee government (1999-2004)
While the rationale behind merging the two entities was to achieve economies of scale and cut losses, human resources issues plagued the
Experts believe that the merger has played a major role in Air India's continuous troubles
As of March 31, 2020, the accumulated losses stood at over Rs 70,000 crore
The committee was formed to look into the human resources issues that emerged after the merger
pay scale as per Department of Public Enterprises norms for the executive cadre, and as per industry norms for pilots, cabin crews and
The government also formed a committee to implement the recommendations
"Low productivity, high costs, poor staff morale, significant unresolved human resource issues and an unviable business model," the report
In October 2013, Singh told a private broadcaster that "privatisation is the only way to save Air India"
Limited (AIAHL) has a key role in the disinvestment process: Making the debt-ridden airline attractive for potential buyers by holding a
Prime Minister Narendra Modi
However, the government failed to attract any bidder for its 76 per cent stake in the carrier in 2018
An EoI is an informal declaration that an entity is interested in buying a business
