Who is buyer of Air India?
Further, reports suggest that Ajay Singh has partnered with Ras Al Khaimah Investment Authority, and Ankur Bhatia, promoter of Delhi-based Bird Group to jointly place the bid for Air India.
Who is new owner of Air India?
If reports are to be believed, the Tata Group and SpiceJet Chairman Ajay Singh have been shortlisted so far to bid for Air India.
Is Air India being sold?
The transaction has now moved to the financial bids stage, the sources said, adding that the deal is expected to conclude by September. The government is selling its entire 100% stake in Air India that has been in losses ever since its merger with domestic operator Indian Airlines in 2007.
Why is no one buying Air India?
Reports suggest that the huge debt of Air India is a major reason for buyers not being extended. The government is examining how the debt exposure of the potential buyer can be reduced. … This means, that instead of Rs 60,074 crore debt, the new buyer will be needed to repay only Rs 23,286 crore of debt.
Why Air India is being sold?
Tata group, now India’s largest conglomerate, had actually participated in the founding of Air India in 1932. … Now Tata wants to flex its muscles in the aviation sector in which it already has a foot in the door with Vistara. Acquiring Air India will further Tata’s ambitions of becoming a top player in Indian aviation.
Who is the CEO of Air India?
Is Air India in profit or loss?
The carrier has never made a net profit since its merger with Indian Airlines in 2007. It posted losses of ₹7,982.83 crore (provisional figure) in 2019-20, ₹8,556.35 crore in 2018-19, and ₹5,348.18 crore in 2017-18.
Is Air India in loss?
Air India is likely to incur a loss of ₹9,779 crore for the financial year 2020-2021, according to provisional figures shared by the Centre in Lok Sabha on Thursday.
Which is the best Indian airline?
Here is the list of 8 Best Airlines in India 2021
- Vistara. The newest addition to the Indian domestic market, Vistara is a joint venture between Tata Sons and Singapore Airlines. …
- Indigo. As of June 2018, Indigo commands a substantial 42% share of the Indian Aviation market. …
- Air India. …
- SpiceJet. …
- AirAsia. …
- GoAir (Now Go First)
Is Air India a safe airline?
Air India is Certified as a 3-Star Airline for the quality of its airport and onboard product and staff service. Product rating includes seats, amenities, food & beverages, IFE, cleanliness etc, and service rating is for both cabin staff and ground staff.