Apart from the Adani group, the Tata group, the Hinduja group, Indigo and a New York-based fund, Interups, are expected to submit EoIs.
With the government intending to take Air India and Indian Airlines to the stock market, investors will have wider choice for the shares in the sector, which otherwise is constrained by demand-supply mismatch due to the presence of only five small ai
India has told the US government that due consideration would be given to the offer of American aircraft major, Boeing for the fleet acquisition plans of Air India and Indian Airlines, US Transportation Secretary Norman Y Mineta said on Thursday.
Public sector carriers Air-India and Indian Airlines would not offload more than 20 per cent of their equity in their proposed initial public offer slated to be announced within this fiscal.
Air Arabia said it has been granted rights to fly daily to Mumbai from the middle of next month.
The Cabinet Committee on Divestment will meet on Tuesday to discuss among other things relaxation of bidding norms for Shipping Corporation of India to woo foreign bidders while taking Air-India and Indian Airlines off the divestment list.
The ministries of finance and civil aviation have considered a proposal to involve financial institutions to issue additional equity to reduce government stake in the airlines.
Minister of State for Civil Aviation Jayant Sinha emphasised that the brand name has both sentimental and economical value.
The announcement of 'open sky' policy for designated airlines of ten ASEAN nations to fly unhindered into the Indian cities is likely to hit the earnings of Air-India and Indian Airlines, official sources said in New Delhi on Friday.
Air-India and Indian Airlines are to submit another aircraft acquisition proposal for long haul jets and replacement of wide-bodied planes, respectively.
Public sector carriers Air India and Indian Airlines are preparing for their initial public offers by the next fiscal to fund their fleet acquisition programmes and enhance debt-equity ratio.
Prime Minister Atal Bihari Vajpayee on Friday indicated that a decision on purchase of Airbus by Air-India and Indian Airlines is likely to be taken during the current visit of French premier Jean-Pierre Raffarin to the country.
Civil Aviation Ministry will shortly take the view of the Union Cabinet on divestment of Air India and Indian Airlines before it proceeds with the proposal for fleet acquisition of the two carriers.
The government indicated on Saturday that an early decision was likely on the proposals of fleet acquisition by Air-India and Indian Airlines as well as of privatisating the four metro airports.
Civil Aviation Minister Shahnawaz Hussain has said he is 'totally in favour' of divesting Air-India and Indian Airlines, but asserted there are no buyers for them in the present depressed global aviation market.
Civil Aviation Minister Syed Shahnawaz Hussain has said his focus is on buying new aircraft rather than divesting stake in A-I and IA.
Air-India and Indian Airlines will continue to take aircraft through the leasing route till its fleet acquisition comes through and have decided to take nine more planes by December.
The civil aviation policy and the fleet acquisition plan for both Air-India and Indian Airlines is expected to be completed within the next couple of months.
Air-India and Indian Airlines owe the Airports Authority of India Rs 432.6 crore (Rs 4.32 billion) causing the AAI a financial crunch, the Lok Sabha was informed on Monday.\n\n\n\n \n\n
The target for Indian Airlines is to carry about 2,000 passengers per day and for Air-India about 1,500 passengers.
Air India and Indian Airlines merged in 2007.
The bench, which wanted the Civil Aviation Ministry to think over the various issues plaguing the national carrier, also said other area of concern was the priority given to private airlines with Air India aircraft being asked to hover around during the peak landing hours causing huge loss of money on fuel.
Two weeks' time given to CBI for filing a fresh status report.
Air India is running into losses
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