{"id":30741,"date":"2018-10-26T18:03:33","date_gmt":"2018-10-26T12:33:33","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=30741"},"modified":"2018-10-26T18:03:33","modified_gmt":"2018-10-26T12:33:33","slug":"centre-to-invite-initial-bids-for-air-india-in-a-couple-of-weeks","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/centre-to-invite-initial-bids-for-air-india-in-a-couple-of-weeks\/","title":{"rendered":"\u2018Centre to invite initial bids for Air India in a couple of weeks\u2019"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-business\/air-india-pawan-hans-sale-process-to-start-in-2-weeks\/article22988526.ece\"><b>\u2018Centre to invite initial bids for Air India in a couple of weeks\u2019<\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Civil Aviation Secretary R.N. Choubey recently said the Ministry was engaged in the \u201cimportant task\u201d of finding buyers for Air India and its subsidiaries as well as for Pawan Hans.<\/span><\/li>\n<\/ul>\n<p><b>Introduction:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">EoI would be the first such for Air India, while for Pawan Hans it would be a revised document.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The announcement came in the backdrop of the government paving the way for a stake sale in the debt-laden airline last year.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Union Cabinet had in-principle approved divestment in Air India and the government followed it up by permitting foreign airlines to invest up to 49%, under the approval route, subject to certain conditions<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Ministry is also in the process of moving amendments to the Act governing the Airports Authority of India (AAI) in the current session of the Parliament for better use of the entity\u2019s land parcels.<\/span><\/li>\n<\/ul>\n<p><b>\u2018Keeping pace\u2019<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The focus is to leverage and monetise AAI\u2019s balance sheet and facilitate a manifold increase in its spending, from the existing Rs. 3,000 crore annually.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The AAI proposes to spend Rs. 18,000 crore over four years on upgrading of airports.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Underscoring the significance of adequate resources so the growth of airports does not lag the growth of the aviation sector.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Centre to invite initial bids for Air India in a couple of weeks\u2019 Context: Civil Aviation Secretary R.N. Choubey recently said the Ministry was engaged in the \u201cimportant task\u201d of finding buyers for Air India and its subsidiaries as well as for Pawan Hans. Introduction: EoI would be the first such for Air India, while&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/centre-to-invite-initial-bids-for-air-india-in-a-couple-of-weeks\/\">Continue reading <span class=\"screen-reader-text\">\u2018Centre to invite initial bids for Air India in a couple of weeks\u2019<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-30741","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704642760},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=30741"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30741\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=30741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=30741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=30741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}