{"id":7382,"date":"2020-01-27T21:15:15","date_gmt":"2020-01-28T03:15:15","guid":{"rendered":"http:\/\/planesintheair.com\/?p=7382"},"modified":"2020-01-27T21:15:15","modified_gmt":"2020-01-28T03:15:15","slug":"india-renews-plan-to-sell-off-air-india","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=7382","title":{"rendered":"India Renews Plan to Sell Off Air India"},"content":{"rendered":"\n

The Indian government is in the market to sell its stake of Air India – and on Monday set a March 17 deadline for initial expressions of interest.<\/p>\n\n\n\n

Indian conglomerate Hinduja Group and US-based fund Interups are already reported to be submitting theirs.<\/p>\n\n\n\n

It’s not the first attempt at a sale: in 2018 the government failed to divest 76 per cent of the airline, and with it over five billion dollars of debt.<\/p>\n\n\n\n

Air India workers protested ….<\/p>\n\n\n\n

And potential bidders opted out because of stringent conditions attached – such as retaining all employees.<\/p>\n\n\n\n

This time, the government has indicated, it’s open to revising some provisions.<\/p>\n\n\n\n

Though bidders must assume liabilities, including debt at just under 3.3 billion dollars.<\/p>\n\n\n\n

And substantial ownership and control must remain with an Indian entity.<\/p>\n\n\n\n

The sale might face opposition from within prime minister Narendra Modi’s ruling BJP Party – one lawmaker describes the deal as quote ‘anti-national’.<\/p>\n\n\n\n

But if successful, the buyer gets over 7,000 landing slots in India and overseas …<\/p>\n\n\n\n

Together with the carrier’s low-cost arm and a stake in its cargo and ground-handling operations.<\/p>\n\n\n\n

As for staff, Air India currently has around 13,000 permanent and contract personnel on its books …<\/p>\n\n\n\n

Including 1,850 pilots.<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

The Indian government is in the market to sell its stake of Air India – and on Monday set a March 17 deadline for initial expressions of interest. Indian conglomerate Hinduja Group and US-based fund <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8637,797,7890,89,5637,4552,2203,4957,5676,868],"tags":[1518,539,420,1642,5373,10090,10087,160,3945,4421,10091,1293,3740,6509,2908,1924,4423,2495,10086,6882,10082,3144,2052,688,1555,745,2910,10083,805,1862,3599,4420,10084,1450,3024,1923,2029,3793,3792,843,412,5600,1557,10092,7520,2676,187,1485,8989,3228,9981,5400,7525,4240,10088,10089,2841,291,2855,9417,10085,1691,1658,632,1549],"class_list":["post-7382","post","type-post","status-publish","format-standard","hentry","category-air-cargo-news","category-airline-news","category-asia-news","category-aviation-news","category-business-news","category-cargo-news","category-finance-news","category-global-politics","category-international-news","category-transportation-news","tag-1518","tag-air","tag-airline","tag-anti","tag-arm","tag-assume","tag-attached","tag-aviation","tag-based","tag-bidders","tag-bjp","tag-cargo","tag-conditions","tag-conglomerate","tag-control","tag-cost","tag-deadline","tag-debt","tag-divest","tag-employees","tag-expressions","tag-failed","tag-fund","tag-government","tag-ground","tag-group","tag-handling","tag-hinduja","tag-india","tag-indian","tag-initial","tag-interest","tag-interups","tag-landing","tag-liabilities","tag-low","tag-minister","tag-modi","tag-narendra","tag-national","tag-news","tag-offer","tag-operations","tag-overseas","tag-ownership","tag-party","tag-pilots","tag-plan","tag-potential","tag-prime","tag-protested","tag-provisions","tag-renews","tag-reported","tag-retaining","tag-revising","tag-sell","tag-slots","tag-stake","tag-stringent","tag-submitting","tag-transport","tag-transportation","tag-us","tag-workers"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/7382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7382"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/7382\/revisions"}],"predecessor-version":[{"id":7384,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/7382\/revisions\/7384"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}