The Expression of Interest (EoI) document is likely to be released in three weeks.
Mark Martin, Founder and CEO of Martin Consulting LLC, an aviation advisory and consulting firm believes the government needs to get its act right in the way it’s selling the national airline.
While designing a metro rail, the authorities tend to forget that people will be approaching the trains using other urban transport modes, Kharola said.
The national carrier, which is on the verge of being privatised, has provided details of pending bills towards various ministries responsible for the VVIP visits in its latest response to the information sought by Commodore (retd) Lokesh Batra.
Expression of interest (EoI) inviting bids from private companies would be issued soon.
Outsiders call Ajay Singh the dark horse that could walk away with the loss-making state-owned carrier.
Prime Minister Narendra Modi's cabinet gave the go-ahead last year to sell Air India, after successive governments spent billions of dollars in recent years to keep it going. However, it has yet to decide on what to do with the carrier's debt burden of $8.5 billion.
The announcement came days after Israeli PM Netanyahu said that Saudi Arabia had given permission to the Indian carrier for flying over its territory on its route from New Delhi to Tel Aviv.
Amber Dubey says India has the potential to surprise the top two aviation powers, US and China, by 2030. Also, he feels Air India has ‘significant’ untapped value to elicit interest from national and international carriers
The Civil Aviation Minister said that Air India has been showing "considerable improvement" in operational and financial parameters and posted an operating profit of Rs 298.03 crore in 2016-17.
Interacting with reporters after his meeting with US President Donald Trump at the White House, Netanyahu said that Air India has signed an agreement with Saudi Arabia to use its airspace.
There was no immediate confirmation from either Saudi officials or Air India. Netanyahu made the announcement during a briefing in Washington to Israeli reporters after he had met U.S. President Donald Trump.
The government is in the process of identifying various properties bearing Air India's name that were earlier leased from the government on a long-term basis.
The flight AI709, an Airbus 319, was operated by Captain Akanksha Verma and Captain Satovisa Banerjee in the cockpit while the cabin crew comprised D Bhutia, MG Mohanraj, T Ghosh and Yatili Kath.
The government is working out the modalities for strategic stake sale in the loss-making airline, which reported a net loss of Rs 5,765.16 crore last fiscal.
The case pertains to Commodore Lokesh Batra (Retd) who had sought to know details of bills, invoices and other records related to abroad visits of Prime Minister between Financial Years 2013-14 and 2016-17.
Last year, the Union Cabinet approved privatisation of the debt-ridden national carrier, which is staying afloat on taxpayers' money. A group of ministers has been appointed to chalk out the strategy for Air India's stake sale.
According to an Air India official, this is the first direct flight to be operated by any airline between Punjab and the United Kingdom.
According to the agenda for the meeting, the panel was to hear the views of Civil Aviation Secretary on points raised by employees' unions of Air India on proposed disinvestment and demands for grants.
The national carrier had a debt of Rs 51,890 crore as on September 30 last year as per provisional figures.
Air India is making necessary arrangements for an alternative aircraft to fly passengers to their destination, an Air India spokesperson said.
In a memorandum submitted to Air India Chairman and Managing Director Pradeep Singh Kharola, the forum said a direct flight to Dubai would offer immense business potential to Air India.
The island nation plunged into chaos last week when the apex court ordered the release of nine imprisoned opposition politicians, maintaining that their trials were "politically motivated and flawed".
But the net loss of the state-owned airline widened to Rs 5,765.16 crore in 2016-17.
The Union Cabinet has approved disinvestment of Air India and the government aims at completing its sale by year-end.