{"id":331722,"date":"2020-01-31T11:16:10","date_gmt":"2020-01-31T05:46:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=331722"},"modified":"2020-01-31T11:16:10","modified_gmt":"2020-01-31T05:46:10","slug":"air-india-privatisation-officials-take-charge-of-pm-modis-bid-to-bridge-widening-fiscal-deficit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-india-privatisation-officials-take-charge-of-pm-modis-bid-to-bridge-widening-fiscal-deficit\/","title":{"rendered":"Air India privatisation: Officials take charge of PM Modi\u2019s bid to bridge widening fiscal deficit"},"content":{"rendered":"<p>Indian officials met with as many as nine companies during roadshows to gauge interest in a stake sale in the nation\u2019s loss-making flag carrier, people with knowledge of the matter said. Officials from the South Asian nation met executives of companies including British Airways parent IAG SA, IndiGo, India\u2019s biggest airline that\u2019s operated by InterGlobe Aviation Ltd., SpiceJet Ltd. as well as Tata Sons Ltd., the people said asking not to be identified discussing preliminary meetings.<\/p>\n<p>A successful sale of Air India Ltd. after a failed attempt in 2018 is crucial for Prime Minister Narendra Modi to help bridge a widening fiscal deficit exacerbated by dismal tax collections and a $20 billion corporate tax cut. Air India, which started as Tata Airlines in 1932 and later acquired by the government, hasn\u2019t made money since 2007. The airline posted a loss of $1.2 billion last year \u2014 its highest ever \u2014 and has $8.4 billion in total debt. Representatives at IndiGo, Tata Sons and IAG declined to comment. An official at the civil aviation ministry and Spicejet didn\u2019t immediately respond.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian officials met with as many as nine companies during roadshows to gauge interest in a stake sale in the nation\u2019s loss-making flag carrier, people with knowledge of the matter said. Officials from the South Asian nation met executives of companies including British Airways parent IAG SA, IndiGo, India\u2019s biggest airline that\u2019s operated by InterGlobe Aviation Ltd., SpiceJet Ltd. as well as Tata Sons Ltd., the people said asking not to be identified discussing preliminary meetings. A successful sale of Air India Ltd. after a failed attempt in 2018 is crucial for Prime Minister Narendra Modi to help bridge a [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-331722","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/331722","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=331722"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/331722\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=331722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=331722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=331722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}