Govt gets going on Air India selloff

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El Al says the petition, filed by its controlling shareholder, has been filed against the Israeli government, the prime minister and the country's civil aviation authority, as well as Air India.

In the same matter, Finance Minister Arun Jaitley held a high-level meeting to finalise the Air India disinvestment plan.

"The balance debt shall be allocated to Air India Asset Holding Ltd., which is 100 percent owned by the GOI subject to receipt of requisite approvals from lenders and regulators, as applicable".

Indigo operates primarily on domestic routes has about a 40 percent market share compared with a domestic market share by Air India and subsidiary Air India Express of 12.3 percent.

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The new rule is an expansion of the previous rule which only penalized contact with the crown of the helmet. I think we've cleaned up a lot of that, and that will get the fans more engrossed in the game.

The NDA government's move earlier to allow FDI by foreign airlines in debt-ridden Air India upto 49 per cent was an indicator that the Government was serious about disinvestment in the loss-making cash-strapped national carrier so as to bring about fresh infusion of funds.

Airlines from around the globe are expected to participate in the divestment of Air India and Air India Express, a process which started on Wednesday with the release of the Preliminary Information Memorandum inviting Expression of Interest from interested parties. The government has injected $3.6 billion (Rs 23,461 crore at $1 = Rs 65.17) since 2012 to bail out the airline.

It need be mentioned that Saudi Arabia does not recognize Israel and overflight rights to Air India to fly to Tel Aviv has been seen as diplomatic victory for the Israelis.

Meanwhile, Indian government planned to sell the stakes in Air India with the condition that the brand "Air India" will be retained and the control of the national-carrier will be with Indian nationals. The airline's overseas budget carrier will be completely sold in the offer, while the state will sell a 50% stake in the ground handling unit separately. "The passengers were offloaded to carry out the security drills", Deputy Commissioner of Police Sanjay Bhatia said. However, if a domestic airline partners with others to form a consortium, then the profitability requirement will not disqualify such a bid as long as other members of the consortium are profitable.

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