Air India Privatisation

Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy on Friday took to Twitter to complain about services of Tata-owned Air India, saying that the airline was "better before privatisation".

In 2020, Air India had apprised the pilots that in view of the prevailing scenario in the civil aviation sector due to the COVID-19 pandemic, a decision had been taken to discontinue their engagement.

Air India returned to the Tata Group after nearly 70 years yesterday. The salt-to-steel conglomerate won the bid to take over Air India in October, after years of struggle by the government to privatise the airline.

The Government on Friday sought Parliament''s nod to infuse over Rs 62,000 crore into the company that holds residual assets and liabilities of Air India after its privatisation, as part of over Rs 3.73 lakh crore additional spending planned.

IMF has said the sale of national carrier Air India will constitute an "important milestone" in India's privatisation efforts

The sale Air India to Tatas has opened the way for faster privatisation of state firms and the government is on track to list Life Insurance Corporation early next year, said a top government official.

India sought to sell its national carrier but the privatization plan collapsed, and took 20 more years and billions of dollars of wasted capital to be reassembled. Only when the travel industry has been ravaged by a pandemic has PM Modi let it go.

Government is aiming to complete privatisation of Air India and Bharat Petroleum Corporation Limited (BPCL) during the current financial year.

Union Civil Aviation Minister Hardeep Singh Puri on Saturday stated that the privatisation of Air India is likely to be completed by the end of May.

Opposition parties on Wednesday warned that privatisation of various railway infrastructure and services would only benefit corporates and result in depletion of the PSU behemoth's financial resources which would eventually make it sick like Air India and Indian Airlines.

The Shiv Sena on Saturday questioned the Modi government's policies on the economy, trade, and agriculture, and alleged that it was moving towards privatisation of airports, Air India, and railways and giving the control of farmers'' lives to traders and private players.

The government should not be running airports and airlines, Civil Aviation Minister Hardeep Singh Puri said on Sunday, adding that he hopes to privatise Air India during 2020.

Some "rationalisation of allowances" have been implemented, Air India said, adding that it will be reviewed once the financial position improves

Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be extended even as he emphasised that the disinvestment process is going on "extremely well". Making a second attempt to privatise loss-making Air India in as many years, the government on January 27 came out with...

More than 10 national trade unions affiliated to left-wing parties, including the main opposition Congress, have called for a nationwide protest against Prime Minister Narendra Modi's labour reforms. Those include the privatisation of state run companies Air India and oil major BPCL, as well as a merger of public-sector banks.

Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy on Friday took to Twitter to complain about services of Tata-owned Air India, saying that the airline was "better before privatisation".

In 2020, Air India had apprised the pilots that in view of the prevailing scenario in the civil aviation sector due to the COVID-19 pandemic, a decision had been taken to discontinue their engagement.

Air India returned to the Tata Group after nearly 70 years yesterday. The salt-to-steel conglomerate won the bid to take over Air India in October, after years of struggle by the government to privatise the airline.

The Government on Friday sought Parliament''s nod to infuse over Rs 62,000 crore into the company that holds residual assets and liabilities of Air India after its privatisation, as part of over Rs 3.73 lakh crore additional spending planned.

IMF has said the sale of national carrier Air India will constitute an "important milestone" in India's privatisation efforts

The sale Air India to Tatas has opened the way for faster privatisation of state firms and the government is on track to list Life Insurance Corporation early next year, said a top government official.

India sought to sell its national carrier but the privatization plan collapsed, and took 20 more years and billions of dollars of wasted capital to be reassembled. Only when the travel industry has been ravaged by a pandemic has PM Modi let it go.

Government is aiming to complete privatisation of Air India and Bharat Petroleum Corporation Limited (BPCL) during the current financial year.

Union Civil Aviation Minister Hardeep Singh Puri on Saturday stated that the privatisation of Air India is likely to be completed by the end of May.

Opposition parties on Wednesday warned that privatisation of various railway infrastructure and services would only benefit corporates and result in depletion of the PSU behemoth's financial resources which would eventually make it sick like Air India and Indian Airlines.

The Shiv Sena on Saturday questioned the Modi government's policies on the economy, trade, and agriculture, and alleged that it was moving towards privatisation of airports, Air India, and railways and giving the control of farmers'' lives to traders and private players.

The government should not be running airports and airlines, Civil Aviation Minister Hardeep Singh Puri said on Sunday, adding that he hopes to privatise Air India during 2020.

Some "rationalisation of allowances" have been implemented, Air India said, adding that it will be reviewed once the financial position improves

Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be extended even as he emphasised that the disinvestment process is going on "extremely well". Making a second attempt to privatise loss-making Air India in as many years, the government on January 27 came out with...

More than 10 national trade unions affiliated to left-wing parties, including the main opposition Congress, have called for a nationwide protest against Prime Minister Narendra Modi's labour reforms. Those include the privatisation of state run companies Air India and oil major BPCL, as well as a merger of public-sector banks.