Air India buyer has to take over interest-bearing debt of Rs 16,500 crore a large portion of which is aircraft related, meaning they are backed by aircraft value
Government officials say a shareholding structure has been mandated to discourage non-serious bidders from accessing Air India's data room
The next step is the charter, which aims to safeguard consumer rights and address criticism about the government not doing enough for passengers.
This is a setback for the divestment process of Air India as no other Indian airline has the capability to fund the process
According to preliminary information memorandum, Air India's new owner will be asked to list the company in some time
Modi spent 32 days out of the country in 2017.
The government is betting on the fact that it will be conducive for the new owner to give voluntary retirement scheme
If the government is asking a maximum price for Air India but asks to keep old personnel, it will not match.
'We are making a transition from governance to campaign mode.' 'The speed of execution is picking up,' says Union Minister Jayant Sinha.
Grounded Indian planes will be up in air by end of April says company president
Government to ask airlines to educate flyers. 'It will be an exhaustive charter which will tell the passenger about all their rights, like whether they are eligible for a refund when there is a delay in flight, what to do in case of a flight delay and other in-flight etiquette.'
Decades apart, but the drama linked to the two appears similar, says Nivedita Mookerji.
The RBI expects the assessment to show if the systemic failure was only in PNB or in the overall banking universe
I&B Ministry, Prasar Bharati are in tussle over ministry's directives, reports Shreya Jai and Arindam Majumder.
In contrast to its global peers, a lion's share of Delhi airport's growth came from domestic flyers, which, at 46.6 million, makes up for 73 per cent of the total number of passengers.
Modi's 'UDAN' project faces fund crunch as too many airlines have come on board
Government believes privatisation would increase the airline's efficiency and make it profitable, enriching the value of the remaining stake with it.
The good news is that the government has taken notice of the pain and has formed a task force to improve operating procedure during foggy days.
While global majors like JetBlue, RyanAir, Southwest sell almost 90 per cent of their tickets through their own websites or apps, airlines in India have a minuscule share of around 25 per cent through direct channel booking.
An integrated team of 200 staff crunches data to minimise disruption for 149 planes, but airport infrastructure poses a challenge
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances