Govt plans to sell 76% stake in Air India, cede management control

Delhi-Kolkata Air India flight aborted following bomb scare

As the Indian government plans to sell 76 per cent stakes in Air India to private parties, there is a high probability that Singapore Airlines can also make the bid for Indian national carrier. 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.

In January, during a meeting of the panel, most members had sought the withdrawal of the draft report which said that it was not an appropriate time to divest stake in Air India and that the airline should be given at least five years to revive.

Indigo operates primarily on domestic routes has about a 40 percent market share compared with a domestic market share by Air India and subsidiary Air India Express of 12.3 percent.

Israel's national airline, El Al, for fears it will financially suffer from what it calls "aerial discrimination", filed a lawsuit on Wednesday against the government, the Civil Aviation Authority, Prime Minister Benjamin Netanyahu and, finally, Air India.

Cambridge Analytica formally accused of violating USA election laws
Cambridge Analytica whistleblower Christopher Wylie pictured at a news conference in London , on March 26, 2018. Wylie told the UK Parliament that the Congress party was a client of the disgraced company.

India intends to sell the remaining stake in Air India, which may include selling shares during an initial share sale. "The passengers were offloaded to carry out the security drills", Deputy Commissioner of Police Sanjay Bhatia said.

What one gets with a 76% stake in Air India is an operational fleet of 104 aircraft of which only 69 are owned outright or through financial lease by the airline. Perhaps the easiest to handle in terms of staffing related issues would be Air India SATS Airport Services Ltd. According to the PIM, Air India has 16,834 employees as on December 1, 2017 of which 11,214 are permanent employees.

Transport Minister Yisrael Katz described Air India's overflight of Saudi Arabia as "historic".

The airline is under a massive debt burden of over Rs. 50,000 crore. 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.

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