IndiGo, operated by InterGlobe Aviation Ltd, sent in its interest late Wednesday night, minister of state for civil aviation Jayant Sinha said.
A joint forum of Air India employees said it is against the decision and will seek a meeting with Modi to discuss it. The cabinet last night took the first step in offloading the airline with an "in-principle" approval for the sale of a stake in Air India, which is bogged down by $8 billion or Rs 52,000 crore in debt.
IndiGo "would be interested in buying out the global operations of Air India and its low-priced wing, Air India Express", President Aditya Ghosh said in his letter, according to The Indian Express newspaper. The private airlines enjoy 86 per cent of the market share.
"How much will be disinvested, by which process, its assets and debt, as also its hotel companies, will be deliberated", Jaitley said.
IndiGo has high probability of buying Air India's overseas business since it has been profitable for nine consecutive years and is the largest airline in terms of market share.
The civil aviation ministry is charting out the disinvestment of the state-run carrier.
"In its proposal the civil aviation ministry had urged to constitute a group under the finance minister which can decide on the concerning modalities of the same, the cabinet has accepted that".
The finance ministry said Wednesday that the government has agreed in principle to sell part of its holding in the airline, which has struggled to become profitable as competition from a number of low-priced airlines has grown. Set up by Tatas, the carrier was made a public company and was rechristened as Air India. Tata Group, after several decades, re-engaged with the Indian aviation market when it launched an airline, Vistara, in conjunction with Singapore Airlines as well as got a stake in Air Asia.
The committee is now investigating Russia's interference in the USA election in 2016 and possible ties to Trump associates. Stone has previously been involved in a number of election campaigns, usually for Republican candidates.
The march was cancelled past year after bombings by the Islamic State group and Kurdish militants raised security levels. Majority Muslim Turkey is among the few nations in the region in which homosexuality is not illegal.
The Government has announced that cladding on 60 high-rise buildings in 25 local authorities has failed fire safety tests. Downing Street declined to specify whether the Grenfell cladding was combustible or not, citing an ongoing investigation.
Napoli swatted a 34 home runs and drove in 101 runs, both career-highs, as the Indians rolled to the AL Central championship. Brandon Finnegan (1-1) was activated off the disabled list after missing more than two months because of a shoulder problem.
Russian metals giant Evraz said its IT systems had been affected too, Russia's RIA news agency reported. According to Group-IB, the ransomware spreads through local networks just like the WannaCry virus did.
Buffett has said real estate was a solid investment that was less volatile than stock prices and likely to produce gains. Buffett is a believer in the real estate space and in 2016 said there is no bubble , Business Insider noted.
The red and blue-green clouds are expected to be visible from NY to North Carolina and as far west as Charlottesville, Virginia. The original launch date was May 31, but weather and other conditions delayed the launch several times.
He is accused of fraud relating to a drug company he previously headed, Retrophin, and a hedge fund, where he was a manager. Prosecutors and defense lawyers agreed to strike more than a dozen jurors for cause based on their opinions of Mr.
Two of the secondary headlines were featured on an actual cover, the March 2nd, 2009 issue that featured Kate Winslet's image. Mashable reached out to the White House and Trump Organization for a comment, but has not received a response.
The DMV has established a ride-hailing complaint handling process in which complaints can be filed at the state DMV website . Egan said that state regulations require the fare or estimated fare be shown on the ride-hailing app before the ride begins.
Unconfirmed reports from both activist groups have alleged that a USA -led coalition was responsible for the strike. The activist-run Deir Ezzor 24 media outlet says at least 60 civilians were killed.
India Tour Of West Indies 2017
West Indies recorded the top score against India for the first time , in the history of Women's World Cup , today at Taunton . Handy knocks from Shanel Daley and Afy Fletcher steer West Indies past 150-run mark and ensured they played out their overs.
Amazon Prime Day 2017: When is it; what's on sale?
Amazon ran its first Prime Day in 2015, and it was so successful that the company decided to make it an annual affair. Amazon will be continuing its " countdown deals " in the run-up to Prime Day , offering sales starting today.
Matt Holliday placed on DL with mystery illness
The Yankees also announced that veteran Chris Carter has accepted an assignment to Triple-A Scranton. RHP Masahiro Tanaka (5-7, 5.14 ERA) gets the start Wednesday, his 16th of the season.
Michael Jordan Sends a Message to MVP Russell Westbrook
As his speech continued, Westbrook also thanked the media, a select group of voters responsible for him winning the award. But Spurs forward Kawhi Leonard won the award for his game-saving block on James Harden as voted on by the fans.
Denver's still among top 4 cities for home-resales price gains
David Blitzer , managing director and chairman of the index committee at S&P Dow Jones Indices , isn't predicting a slowdown soon. From March single family home prices in the Chicago area rose by 1.0%, which I should remind you is largely a seasonal effect.