Government Invites Bids For 100% Stake Sale In Air India

[Android_Halwa]

In a revised push to sell the national carrier, the government on Monday announced plans to sell its entire stake in Air India. The development comes after an initial attempt to sell a majority stake in the airline failed to draw a single bid in 2018. The airline is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores. Currently, the Government of India holds a 100 per cent stake in the airline, and its subsidiary Air India Express.

Here are 10 things to know:

1. In a document inviting expressions of interest, the government said it would sell a 100 per cent stake in the carrier, which operates both domestic and international routes.

2. The government has set March 17 as a deadline for potential buyers to submit their initial expressions of interest.

3. Any bidder would have to agree to assume roughly $3.26 billion in debt, along with other liabilities, according to the document.

4. The government said that as part of the sale, the control of the carrier will remain with an Indian entity, limiting the scope of any foreign bidders interested in the asset.

5. In 2018, the government had tried to sell a 76 per cent stake in the ailing carrier and offload about $5.1 billion of its debt, terms that potential buyers at the time viewed as too onerous.

6. In the past decade, Air India's accumulated losses stood at about Rs 69,575.64 crore, aviation minister Hardeep Singh Puri told Parliament in December.

7. With Air India reeling under around Rs 80,000 crore worth of debt, the government has said there is no option left with it but to privatise the carrier.

8. The government needs cooperation of Air India employees for carrying out the privatisation process, Mr Puri is said to have told the airline unions on January 2.

9. In an exclusive interview to NDTV last week, Air India Chairman and Managing Director Ashwani Lohani said that prospective buyers of the state-run carrier will "get an airline with a massive reach".

10. Air India, known for its Maharaja mascot, has some of India's most lucrative international and domestic landing and parking slots that are key for airlines.

[Android_Halwa]

Finally, Air India has been put up in sale...100%.

evadu konukuntado kani panta pandinatte...

prime landing slots at major intrnational airports and lucrative routes

manchi modern fleet..

I think its gonna be Singapore who gonna pick up the stake...could be one of the largest deals in modern aviation

[Hydrockers]

Babu gari la honest officers ni petti unte Air india can become no1 airlines in india 

[Hydrockers]

Just now, Android_Halwa said:

Finally, Air India has been put up in sale...100%.

evadu konukuntado kani panta pandinatte...

prime landing slots at major intrnational airports and lucrative routes

manchi modern fleet..

I think its gonna be Singapore who gonna pick up the stake...could be one of the largest deals in modern aviation

Hey Singapore aa ante international singapore or indian singapore ??

[Idassamed]

2 minutes ago, Android_Halwa said:

In a revised push to sell the national carrier, the government on Monday announced plans to sell its entire stake in Air India. The development comes after an initial attempt to sell a majority stake in the airline failed to draw a single bid in 2018. The airline is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores. Currently, the Government of India holds a 100 per cent stake in the airline, and its subsidiary Air India Express.

Here are 10 things to know:

1. In a document inviting expressions of interest, the government said it would sell a 100 per cent stake in the carrier, which operates both domestic and international routes.

2. The government has set March 17 as a deadline for potential buyers to submit their initial expressions of interest.

3. Any bidder would have to agree to assume roughly $3.26 billion in debt, along with other liabilities, according to the document.

4. The government said that as part of the sale, the control of the carrier will remain with an Indian entity, limiting the scope of any foreign bidders interested in the asset.

5. In 2018, the government had tried to sell a 76 per cent stake in the ailing carrier and offload about $5.1 billion of its debt, terms that potential buyers at the time viewed as too onerous.

6. In the past decade, Air India's accumulated losses stood at about Rs 69,575.64 crore, aviation minister Hardeep Singh Puri told Parliament in December.

7. With Air India reeling under around Rs 80,000 crore worth of debt, the government has said there is no option left with it but to privatise the carrier.

8. The government needs cooperation of Air India employees for carrying out the privatisation process, Mr Puri is said to have told the airline unions on January 2.

9. In an exclusive interview to NDTV last week, Air India Chairman and Managing Director Ashwani Lohani said that prospective buyers of the state-run carrier will "get an airline with a massive reach".

10. Air India, known for its Maharaja mascot, has some of India's most lucrative international and domestic landing and parking slots that are key for airlines.

Point #10 is a key factor

[hyperbole]

I highly doubt if somone would come forward based on those requirements esp 3 and 4

[Idassamed]

1 minute ago, Android_Halwa said:

Finally, Air India has been put up in sale...100%.

evadu konukuntado kani panta pandinatte...

prime landing slots at major intrnational airports and lucrative routes

manchi modern fleet..

I think its gonna be Singapore who gonna pick up the stake...could be one of the largest deals in modern aviation

The government said that as part of the sale, the control of the carrier will remain with an Indian entity, limiting the scope of any foreign bidders interested in the asset.

[Android_Halwa]

Just now, Idassamed said:

The government said that as part of the sale, the control of the carrier will remain with an Indian entity, limiting the scope of any foreign bidders interested in the asset.

Of course...it has to be a JV...51% indian entity antadu...

single airline whole sale deal kastame...

[Android_Halwa]

1 minute ago, hyperbole said:

I highly doubt if somone would come forward based on those requirements

3.2 Billion debt anedi emaina oka 50% government write off chesina kuda lucrative deal...

only hindrance..

[Idassamed]

Just now, Android_Halwa said:

Of course...it has to be a JV...51% indian entity antadu...

single airline whole sale deal kastame...

Kaka ee seatla mucchata jara cheppu, kotha airline esthe avuthalodiki kooda seatlu allocate cheyyalna?

For suppose Warangal to Singapore flight anuko scenario

[Idassamed]

1 minute ago, Android_Halwa said:

3.2 Billion debt anedi emaina oka 50% government write off chesina kuda lucrative deal...

only hindrance..

Ganni ganam paisalu govt ee time write off ante sahasamane cheppali

[Android_Halwa]

4 minutes ago, Idassamed said:

Kaka ee seatla mucchata jara cheppu, kotha airline esthe avuthalodiki kooda seatlu allocate cheyyalna?

For suppose Warangal to Singapore flight anuko scenario

Yeah, seats between two counties are allocated at equal number...Warangal-Singapore flight veyalante first there should be allocation seats by each country. Number of seats is decided by the demand and forecast and historical demand. 
 

Warangal-Singapore flight padithe, Indian Government ki 200 seats per day and Singapore Government ki 200 seats per day rights vuntayi...then The Indian govenrment has the first right to allot these 200 seats to Indian based airline and the same way with Singapore.

 

If any one the local airline is not willing to fly on the route, then the Singapore govenrment can allot these same seats to their airlines..

[Android_Halwa]

7 minutes ago, Idassamed said:

Ganni ganam paisalu govt ee time write off ante sahasamane cheppali

Assets ammi padestaru...principle amount ni retain chesi interests ni write off chestaru..lekapothey givernment May provide interest free loans..

[Idassamed]

1 minute ago, Android_Halwa said:

Yeah, seats between two counties are allocated at equal number...Warangal-Singapore flight veyalante first there should be allocation seats by each country. Number of seats is decided by the demand and forecast and historical demand. 
 

Warangal-Singapore flight padithe, Indian Government ki 200 seats per day and Singapore Government ki 200 seats per day rights vuntayi...then The Indian govenrment has the first right to allot these 200 seats to Indian based airline and the same way with Singapore.

 

If any one the local airline is not willing to fly on the route, then the Singapore govenrment can allot these same seats to their airlines..

Got it thanks kaka

[lovemystate]

lucrative aithe ambani-adani pocket loki elthundhi .lekapothe evvadu raadu.