Last Updated : Dec 10 2018 10:42AM     Screen Reader Access
News Highlights
President Kovind to embark on 4-day visit to Myanmar            Australia need 136 runs with just 3 wickets in hand            Extradition trial of Mallya listed for judgement today in London court            All arrangements in place for counting of votes for Assembly elections in 5 states tomorrow            Govt convenes all-party meet today ahead of Winter session of Parliament           

Business News

Apr 10, 2018
6:43PM

Jet Airways opts out of Air India disinvestment process

Jet Airways today said it would not be participating in the Air India disinvestment process, becoming the second domestic airline after IndiGo to make such a decision in less than a week. 

The ambitious strategic stake sale of loss-making Air India as well as its two subsidiaries seem to be hitting air pockets with the two potential bidders deciding to keep away citing the contours of the process. 

Kicking off the disinvestment process, the government has come out with a detailed preliminary information memorandum, detailing plans to offload up to 76 per cent stake in Air India and transfer the management control to private players.

Naresh Goyal-led Jet Airways' statement today comes less than a week after no-frills carrier IndiGo aborting plans to acquire Air India's international operations.

IndiGo was the first to evince interest in Air India disinvestment when the government had mooted the plan last year.

The last date for submission of Expression of Interest (EoI) is May 14 and intimation to the qualified interest bidders would be made on May 28.

The national carrier is staying on taxpayers' money under the turnaround plan approved by the previous UPA government in 2012.

Live Twitter Feed

Listen News

Morning News 10 (Dec) Midday News 9 (Dec) News at Nine 9 (Dec) Hourly 10 (Dec) (1005hrs)
समाचार प्रभात 10 (Dec) दोपहर समाचार 9 (Dec) समाचार संध्या 9 (Dec) प्रति घंटा समाचार 10 (Dec) (1000hrs)
Khabarnama (Mor) 10 (Dec) Khabrein(Day) 9 (Dec) Khabrein(Eve) 9 (Dec)
Aaj Savere 10 (Dec) Parikrama 9 (Dec) Lok Ruchi Samachar 9 (Dec)

Listen Programs

Market Mantra 9 (Dec) Samayki 9 (Dec) Sports Scan 9 (Dec) Spotlight/News Analysis 9 (Dec)
    Public Speak Country wide 6 (Dec) Surkhiyon Mein 6 (Dec) Charcha Ka Vishai Ha 5 (Dec) Vaad-Samvaad 4 (Dec) Money Talk 4 (Dec) Current Affairs 7 (Dec)

 

 

 

 

× All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961""