Govt prepares to divest Air India’s ground handling ops
Air India had current liabilities and provisions, including short-term loans and trade payables of ₹70,686.6 crore and a net debt of ₹58,255 crore at the end of FY19.
(Bloomberg)
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The government is preparing to separately sell Air India Ltd’s profitable ground-handling unit with the privatization of the national carrier making progress.
The finance ministry may soon issue a preliminary document for interested bidders for Air India Airport Services Ltd (AI APS), a senior official in the ministry said on condition of anonymity.
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Tatas, Air India staff join race for airline
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Air India had current liabilities and provisions, including short-term loans and trade payables, of ₹70,686.6 crore and net debt of ₹58,255 crore at the end of March 2019.
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The Tata group and a consortium consisting of Air India employees and a financial investor have shown interest in buying the national carrier that last reported a profit in 2007, two people familiar with the developments said.
The expressions of interest (EoIs) will give the Tata group, and the consortium consisting of New York-based Interups Inc. and a group of
Multiple parties show interest in Air India: Govt hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
Employee group, Interups Inc to bid for Air India
If the planned acquisition of Air India is successful, Interups Inc. along with Air India Ltd would sponsor an aviation infrastructure investment trust to monetize certain assets, according to Laxmi Prasad, chairman of Interups Inc.
(ANI)
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New Delhi: A section of Air India Ltd s employees along with New York-based company Interups Inc. will be placing an expression of interest (EoI) for the divestment-bound national carrier, ahead of the deadline for the bid on Monday.
The bid, jointly made by Interups Inc. and Air India s employee group, proposes 51% stake to Air India employee association, which includes about 219 employees, including board members, as part of the consortium, and 49% stake to Interups Inc, Laxmi Prasad, chairman of Interups Inc., told