After analysing the Air India's disinvestment process of 2018, the then transaction adviser 'EY' in its report cited the government retaining 24 per cent stake and corresponding rights and high debt as reasons for the failure of the disinvestment process

For the disinvestment process, the books of accounts of Air India till July 15, have been closed and those financials would be used while seeking bids

The ailing national carrier has thus far managed to stay afloat on 10-year bailout package extended by the UPA government in 2012 but it had already devoured over Rs 27,000 crore of the allocated amount by end 2018

The funds will be raised by sale of Air India subsidiaries Air Transport Services Limited, Air India Engineering Services Limited and Airline Allied Services Limited

The government attempted to sell the debt-laden carrier in May last year but failed. In June, a committee led by Finance minister Arun Jaitley decided to scrap the stake-sale plan for the time being.

In the wake of crisis-hit Jet Airways suspending operations, the ministry decided to allocate the vacant slots at the airports in the national capital and Mumbai to other carriers. The move is part of larger efforts to increase capacity amid recent surge in airfares

The recent government decision to give away as many as 440 lucrative flight slots at the Delhi and Mumbai airports is making the shortlisted bidders question the value of investing in the wingless Jet Airways

With an uncertain future staring at over 22,000 employees of the grounded Jet Airways, bank unions Monday suggested offering special loans to them to tide over RPT over the financial criss arising from non-payment of salaries.

The Jet stocks saw surge in selling after the company announced temporary suspension of flight operations after the State Bank of India-led consortium of lenders rejected the airline's plea for emergency funds.

Jet Airways crisis: Once Air India starts operating the B777s on international routes like London, Dubai and Singapore, fares on these routes should stabilise.

Dube, along with Maharashtra Finance Minister, civil aviation secretary, Jet's CFO Amit Agarwal, representatives of pilots, engineers, cabin crew and ground staff unions met Jaitley at his residence in Delhi.

AI offers 'rescue' fares to stranded international passengers of Jet AirwaysAir India on Thursday announced special fares to international passengers of Jet Airways who have been stranded due to the grounding of the airline. The state-owned carrier's decision came hours after the civil aviation ministry asked airlines to look at whether there can be \"rescue fares\" for stranded passengers of Jet Airways. The \"special stranded\" fares have been offered to passengers at overseas airports such...