Air India News & Updates (Now under Tata management)

[Bapun]

https://twitter.com/x/status/897673892411604992

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[Bapun]

• Air India has started to sell its land in 13 cities, including a prime land on Anna Salai.
• Most of the property are office blocks, land for residential blocks, bungalows, flats and other assets.

Air India starts selling land in 13 cities - Times of India

 

[Bapun]

Air India will continue to add routes, planes, says new CMD

 

[Bapun]

Air India Terminates Services of Over 400 Contractual Employees - The Wire

 

[Bapun]

Air India’s debt could be 40% higher than estimated, says Ashok Gajapathi Raju

 

[Bapun]

Ailing for past few years, Air India had decided to put several flats, bungalows, and plots in 12 cities on the block with a base price of Rs 365 crore. Of these properties, assets worth Rs 256 crore are in Mumbai.

The bids for Mumbai properties, which closed on February 1, were opened last week, said sources. The last date for participating in the auction for the remaining is March 7. The total number of bidders may even go up, they said.

A senior Air India official said, "The bids have been sent to a higher committee, which will take a final decision."

After two dud shows, Air India auction sees 9 bids | Latest News & Updates at Daily News & Analysis

 

[Bapun]

Government To Sell 76% Stake In Air India, Give Up Management Control

The government today took the first step towards divesting the Air India -- the debt-ridden national carrier supported for years by public money -- triggering vehement protests from opposition. The plan is to transfer management control along with 76 per cent equity, for which an expression of Interest was released and multinational consultancy firm Ernst & Young was appointed as the advisor.

 

[Bapun]

Air India’s Over 6,200 Slots For Flights Could Be A Key Attraction For Bidders

 

[Bapun]

https://twitter.com/x/status/1001745481620512768

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[Bapun]

https://twitter.com/x/status/1126792894394896384

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