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Congress questions Centre on hiding names of Air India bidders; govt cites rules change

Congress questions Centre on hiding names of Air India bidders; govt cites rules change The details were sought in reference to restrictions on the Transaction Advisor, Ernst & Young LLP India, from publicly disclosing the details of the qualified interested bidders of Air India who have responded to and have been cleared in the evaluation of Expression of Interest  Poulomi Saha | February 6, 2021 | Updated 21:28 IST Air India disinvestment The Congress party has asked Modi government to disclose the names of entities who have bid for state-owned carrier Air India. Congress MP Manish Tewari on Thursday asked an unstarred question in Parliament seeking details of the eleventh corrigenda issued by the Ministry of Civil Aviation in relation to the sale of Air India. The details were sought in reference to restrictions on the Transaction Advisor, Ernst & Young LLP India, from publicly disclosing the details of the qualified interested bidders (QIBs) of Air India who have responded

Air India yet to receive Rs 498 cr from govt departments, including VVIP operations: GoI

Air India yet to receive Rs 498 cr from govt departments, including VVIP operations: GoI ANI / Updated: Feb 5, 2021, 14:05 IST Air India is yet to receive Rs 498.17 crores from several government departments, including the due from various VVIP operations, the Government of India ( GoI) said. As on 31.12.2020, the total Air India dues against various Government Departments on account of airfare including dues towards VVIP Operations were Rs 498.17 crore, the GoI said in a written reply in Loksabha. Usually, the credit period for Government of India Departments varies from 15 to 30 days from the receipt of invoice and no interest is paid to Air India in case of non-payment within the credit period.

Disinvestment of Air India, Pawan Hans to be completed in 2021-22: FM

Disinvestment of Air India and Pawan Hans would be completed in 2021-22, Finance Minister Nirmala Sitharaman said on Monday while presenting the Union Budget in which Rs 3,224 crore has been allocated to the Civil Aviation Ministry for the next fiscal year. Air India is currently undergoing disinvestment process. Multiple entities submitted their expression of interest (EOI) for the carrier in December. The government is likely to reveal the names of qualified bidders in the coming weeks. Air India Asset Holding Ltd, a special purpose vehicle (SPV), was set up in 2018 as part of the financial restructuring of the debt-laden national carrier. In the Budget for 2021-22, Rs 2,268 crore is proposed to be allocated for the SPV.

Air India disinvestment aviation ministry Finance Minister Nirmala Sitharaman Union Budget

URL copied Image Source : PTI Air India disinvestment to be completed in 2021-22; Rs 3,224 crore allotted to aviation ministry Disinvestment of Air India and Pawan Hans would be completed in 2021-22, Finance Minister Nirmala Sitharaman said on Monday while presenting the Union Budget in which Rs 3,224 crore has been allocated to the Civil Aviation Ministry for the next fiscal year. Air India is currently undergoing disinvestment process. Multiple entities submitted their expression of interest (EOI) for the carrier in December. The government is likely to reveal the names of qualified bidders in the coming weeks. Air India Asset Holding Ltd, a special purpose vehicle (SPV), was set up in 2018 as part of the financial restructuring of the debt-laden national carrier.

Air India divestment: Government may inform qualified bidders by January 30

Air India divestment: Government may inform qualified bidders by January 30 IANSJan 16, 2021, 10:22 IST BCCL New Delhi, The Centre is likely to intimate the qualified bidders for national carrier Air India by the end of the month, as the evaluation of the expressions of interest (EoI) is still underway, official sources said. The government was to intimate the bidders by January 5. People in the know of the developments said that the transaction advisors are in touch with the interested bidders regarding several queries and the qualified bidders will be intimated only after the government is satisfied with the responses from the bidders.

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