Air India Privatisation News

Among the financial decisions under question are upgrading the flight dispatch section at the IGI Airport in Delhi and painting the names of tourist destinations on the airplane flying between Delhi and Toronto

In other news, private equity (PE) firm Multiples Alternate Asset Management is in advanced talks to lead a funding round of around $60 million in digital lender Kissht

Civil aviation minister Puri said the govt was looking to make the carrier more ‘viable, revive it and disinvest it’Air India had already incurred a debt of ₹59,000 crore, out of which the Centre had proposed to retire ₹29,000 crore in special purpose vehicles

The government has taken a number of measures, like having a very good board of directors, with distinguished industry leaders as independent directors, says civil aviation minister Suresh Prabhu

As chairman of Air India, JRD Tata would take personal interest in even minute issues like a dirty toilet inside the aircraft, wordings on Air India hoardings or the level to which wine was poured into a wine glass. The remarkable success story of Tata Airlines, which was later nationalised, also holds business management lessons for present day airlines which are facing losses year after year.

Air India is planning sale and leaseback of seven wide-body aircraftincluding six Boeing 787 Dreamliners and one Boeing 777in the next 15 days

Air India will use the fund infusion from National Small Savings Fund to mainly meet its working capital requirements

Air India hopes to raise at least 500 crore from the sale of its assets by end ofthe current fiscal

The short-term loan will be drawn in September in one or more tranches

The strategic sale of Air India Air Transport Service is being planned as part of the turnaround scheme for Air India