Foreign entity keen on purchasing 49% stake in Air India

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....

The government’s plans to privatize Air India saw some major developments after the Secretary of Aviation Ministry revealed that a foreign entity has shown keen interest in purchasing 49% stake in the airline company.

He said that a foreign player submitted an unsolicited expression of interest to the government just weeks after the Union Cabinet approved sale of up to 49% of Air India. The offer of purchase had been extended to foreign companies as well.

The name of this interested entity was not revealed by Aviation Secretary RN Choubey. He also refused to tell whether the foreign entity was an airline or some other company, explaining that he would first have to check if they are okay with their identity being revealed at this stage.

Some big foreign players like Singapore Airlines and Qatar Airways have expressed interest in buying the debt-ridden national carrier in recent past. The government is open to allow foreign entities owning stake in Air India, with the condition that the majority share must remain with Indians.

- Advertisement -

Latest News

Jaishankar to visit Finland as part of Europe outreach

New Delhi, Sep 18 (IANS) External Affairs Minister S. Jaishankar will pay an official three-day visit to Finland, which...

SC issues NBW against GB Nagar jail superintendent

New Delhi, Sep 18 (IANS) The Supreme Court has issued a non-bailable warrant (NBW) against the Gautam Buddh Nagar district jail superintendent for releasing...

Riyadh claims Iran behind oil attacks as Trump tightens curbs

Riyadh/Washington, Sep 18 (IANS) Saudi Arabia on Wednesday said the raid that damaged two of its oil facilities was "unquestionably sponsored by Iran", and...

Delhi Police launches new ‘Tatpar’ app

New Delhi, Sep 18 (IANS) The Delhi Police has launched a new app called 'Tatpar' which provides a range of integrated...

AIIMS-Delhi donates Rs 93.89 lakh to Odisha

New Delhi, Sep 18 (IANS) All India Institute of Medical Sciences (AIIMS), Delhi on Wednesday donated Rs 93.89 lakh to the Odisha Chief Minister's...
- Advertisement -

More Articles Like This