The Maharashtra government has become the owner of iconic Air India building with the Union government approving transfer of the asset on Thursday. Photograph: Courtesy, Indianhilbilly/Wikimedia......
With general elections on the horizon, the government's privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales......
The government will transfer about Rs 16,000 crore of unpaid fuel bills and other pending dues that Air India owes to suppliers, to a special purpose vehicle before handing over the loss-making......
The government will start working on selling the ground-handling arm of erstwhile national carrier Air India and the Expression of Interest (EoI) is expected in the next fiscal, an official said.......
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.' Photograph: @airindiain/twitter "Air India......