{"id":309480,"date":"2020-01-08T12:17:32","date_gmt":"2020-01-08T06:47:32","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=309480"},"modified":"2020-01-08T12:17:32","modified_gmt":"2020-01-08T06:47:32","slug":"air-india-divestment-gom-nod-for-share-purchase-pact","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-india-divestment-gom-nod-for-share-purchase-pact\/","title":{"rendered":"Air India divestment: GoM nod for share purchase pact"},"content":{"rendered":"<p>NEW DELHI: The ball has been set rolling for the Modi government&#8217;s second attempt to divest in Air India (AI). Union home minister Amit Shah-led GoM on Tuesday cleared the expression of interest (EoI) along with the share purchase agreement (SPA) for the debt-laden carrier&#8217;s privatisation and these two documents are likely to be issued for bidders this month, said a senior official.<br \/>\nThe last GoM meeting had taken place in September 2019. It had then approved complete exit from AI, AI Express and also selling AI&#8217;s stake in JV AISATS. A voluntary retirement scheme (VRS) and debt restructuring plan for AI were also cleared then.<br \/>\nLosing almost Rs 25 crore daily, the Maharaja&#8217;s total debt is over to Rs 74,000 crore, which includes nearly Rs 60,000 crore of aircraft and working capital debt and Rs 14,000 crore of net current liabilities or payables. A special purpose vehicle &#8211; AI Asset Holding &#8211; has taken on Rs 29,464 crore of the airline&#8217;s debt along with some assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The ball has been set rolling for the Modi government&#8217;s second attempt to divest in Air India (AI). Union home minister Amit Shah-led GoM on Tuesday cleared the expression of interest (EoI) along with the share purchase agreement (SPA) for the debt-laden carrier&#8217;s privatisation and these two documents are likely to be issued for bidders this month, said a senior official. The last GoM meeting had taken place in September 2019. It had then approved complete exit from AI, AI Express and also selling AI&#8217;s stake in JV AISATS. A voluntary retirement scheme (VRS) and debt restructuring plan [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-309480","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/309480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=309480"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/309480\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=309480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=309480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=309480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}