Delhi-Kolkata Air India flight aborted following bomb scare

Delhi-Kolkata Air India flight aborted following bomb scare

Along with Air India, bids are also being called for sale of the national carrier's 50% stake in AISATS, a ground handling subsidiary between Air India and Singapore Airport Terminal Services.

The central government owns 100 per cent equity of Air India.

As per the advertisement issued by the Government, the companies or consortium will be eligible to bid only if their net worth crosses Rs 5,000 crore. Failing that, they ask that Air India flights that overpass Saudi Arabia be banned.

It has incurred huge losses but is surviving based on a bailout package of Rs 30,000 crore that began during the tenure of the UPA-2 government and which is continuing under the current NDA government.

Air India had 11,214 permanent employees as on December 1, 2017.

The idea behind the AI stake sale is that the new owner of the company will hopefully revive the company and turn it profitable.

As Anurag Kotoky of Bloomberg News has noted, the only potential bidder to have publicly expressed a desire to buy Air India is InterGlobe Aviation Ltd.'s IndiGo, a homegrown low-priced airline that's obviously drawn to the flag carrier's bilateral flying rights and slots at busy airports like Heathrow and John F. Kennedy.

Adea Shabani, Missing Actress, May Be Body in Shallow Grave
Investigators weren't able to verify Spotz's account, he said, prompting Robbery-Homicide detectives to take over the case. Last Thursday night, Spotz was spotted in the Tacoma in San Bernardino County and he fled when police tried to stop him.

Israel's El Al airline said it appealed on Wednesday to the country's Supreme Court to cancel the authorisation of direct Air India flights between New Delhi and Tel Aviv via Saudi airspace.

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.

Condemning the governments move to privatise Air India, the Left-affiliated All India Trade Union Congress (AITUC) today accused the Centre of selling out national assets in the name of ease of doing business.

When bidding in a consortium, a clearly defined lead member needs to hold majority stake in the corporate entity representing the consortium. 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).

". There will be some time for those parties who are interested, they will go through the document and come out with the expression of interest", he said.

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

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