The government of India announced a sale of 100% stake in debt-laden Air India. As part of the strategic disinvestment and has set March 17, as the deadline for submitting an expression of interest (EoI). Air India would also sell 100% stake in low-cost airline Air India Express and 50 per cent shareholding in joint venture AISATS.
The financial position of Air India is very fragile and the Government has limited resources. Air India is under a debt trap and the private sector can bring required capital to the Airline. Air India staff will be offered three per cent of the airline’s total shares in the government’s disinvestment process.
Important takeaways for all competitive exams:
World Health Day 2026 is observed on 7th April and will brings the strong global…
In the clash between the Royal Challengers Banglore and Chennai Super Kings Bhuvneshwar Kumar scripted…
The proposed Shree Jagannath International Airport in Puri has received the Stage-I forest clearance from…
Glass is something we use every day in our lives. It is found in windows,…
India's maritime sector has achieved the significant milestone with major ports handling a record 915.17…
Indian long jumper Murali Sreeshankar has delivered the strong performance and won in men's long…