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Government plans to divest 76% in Air India, invites EoI

30 March 2018

Also, with around 37.6 per cent of the permanent employees of Air India - and almost 16 per cent of them at Air India Express Limited - expected to retire in the next five years, as pointed out in the Memorandum, the government is reportedly hoping that the new owner decides on a voluntary retirement scheme or VRS, with terms on par with their current service agreement.

El Al has taken legal action against the Air India, Israeli government, its Civil Aviation Administration, Transportation Minister Israel Katz, said the Israeli airline's spokesperson Ran Rahav.

".it is expected that debt and liabilities including net current liabilities of Rs 8,816 crore aggregating to Rs 33,392 crore will remain with Air India and Air India Express (no change for AI-SATS except in normal course of business)", said the government document calling for expressions of interest (EoI).

Rain will continue tonight for some
Those hoping for spring sunshine will be disappointed as temperatures will be lower than average and heavy rain is forecast. A few more weather disturbances could slide in early next week providing at least a small chance of pockets of light snow.

The money that was pumped in Air India earlier would be used for public welfare sectors like healthcare and farmers, Sinha said. The government must lose no time in enabling that, while being open to even restructuring or reducing the airline's debts to make it an attractive buy. The winning bidder would also need to ensure that substantial ownership and effective control of Air India and Air India Express would continue to be vested in Indian nationals.

The NDA government's move earlier to allow FDI by foreign airlines in debt-ridden Air India upto 49 per cent was an indicator that the Government was serious about disinvestment in the loss-making cash-strapped national carrier so as to bring about fresh infusion of funds.

The Israeli government has lauded Air India's new direct New Delhi - Tel Aviv route, which has been permitted to traverse the Saudi Arabian airspace. On Wednesday, Prime Minister Narendra Modi's government took a decisive step in that direction - of exiting Air India. After the passengers were offloaded with their hand baggage, a physical as well as scanning check of the flyers and their luggage was carried out, said Sanjay Bhatia, DCP (IGI).

Trebes supermarket shooting: Gunman's apartment searched after French siege
A police official who was not authorized to be publicly identified confirmed the officer's identity to The Associated Press. The Morocco-born attacker was killed by police when they stormed the supermarket, with Beltrame's help.

The airlines bidding as part of a consortium will also be restricted to owning 51% in the partnership.

In the second stage, the highest bidder would be declared as the buyer after requisite security clearances.

New York Launches Lawsuit to Remove Citizenship Query From US Census
An aide to Healey said she already meant to join a multi-state lawsuit, led by the NY attorney general Eric Schneiderman. Democratic lawmakers had been bracing for the decision, making a point to question Ross during congressional hearings.

Government plans to divest 76% in Air India, invites EoI