Amit Shah-led group of ministers issues EOI for disinvestment, share purchase of Air India

In a bid to save government air-carrier Air India, government sources on Tuesday, have said that a Group Of Ministers (GoM) led by Home Minister Amit Shah have approved Expression of Interest (EOI) for disinvestment of Air India, according to PTI. Moreover, a share purchase agreement for air-carrier's sale will be issued by January 2020, said an official. government is currently in process of selling its 100% stake in cash-strapped Air India.

EOI, share purchase issued by Centre for Air India sale

'Air India will be operational till its privatisation process', assures Civil Aviation Min

'Air India to be operational till privatisation': Puri 

Earlier on January 2, Union Civil Aviation Minister Hardeep Singh Puri at a meeting with Air India employees' Union, reassured m that AI will be operational till its privatisation process is complete. Earlier on Monday, an Air India official h stated that national carrier will be forced to shut down if a concrete solution to save company is t found. But Air India chief and Union Minister have stayed firm that government has option but to privatise Air India.

Air India to undergo total privatisation: Civil Aviation minister Puri

65 pilots tender resignation

Air India is surviving on repeated taxpayer bailouts by government while it reels under a debt lo of near Rs 58,000 crores. government has been planning to sell cash-strapped company and has set an aim to do so by March 2020. Currently, re are 800 pilots in union. However, according to letter by ICPA, 65 pilots have alrey tendered ir resignation and are serving six-month tice period. 

Hardeep Singh Puri denies shut down of Air India, maintains stand on its privatisation

Air India to be fully privatised

Centre, on June 27, h decided to go ahe with disinvestment of national carrier Air India. Previously, Puri shared that volatile crude oil prices & verse fluctuations in exchange rates in March 2018, me it an inconducive atmosphere to proceed with disinvestment. He h said that sale would be revisited once global ecomic indicators including oil prices and foreign exchange conditions stabilize. 

Re: Air India flights delayed due to CAA protests in national capital

According to Central Government, it has infused funds to tune of Rs 30,520.21 crore in Air India from financial year 2011-12 till December this year.   government is drawing plans to privatise carrier but has so far failed to get it through. main hurdle that experts say has derailed carrier's privatisation plan is investor scare of its oversized staff and debt obligations.