Air India

Coronavirus: Air India Jumbo Plane Ready And Waiting For Evacuation Of Indians From China's Wuhan

India News | Press Trust of India | Tuesday January 28, 2020

Air India has kept one of its 423-seater jumbo plane ready in Mumbai for the evacuation of Indian citizens from Wuhan province in China in the wake of coronavirus outbreak in the East Asian country, an official source said today.

Current Situation Of Air India Is Very Fragile, Says Civil Aviation Minister

Business | Written by Abhishek Vasudev | Monday January 27, 2020

Some parameters in current PIM include transfer of management control and sale of 100 per cent shares of Air India, along Air India's 100 per cent stake in its subsidiary Air India Express and 50 per cent stake in joint venture AISATS. The debt in Air India has been frozen at Rs 23,286.5 crore, which is approximately equivalent to the written down ...

Successful Bidder Would Continue To Use Air India Brand: Civil Aviation Minister

Business | Press Trust of India | Monday January 27, 2020

The government on Monday announced sale of 100 per cent stake in debt-laden Air India as it issued the preliminary bid document for the strategic disinvestment and has set March 17, as the deadline for submitting expression of interest. As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low-cost airline Air I...

Air India Bidders Must Absorb $3.3 Billion Debt To Buy Carrier

Business | Michael Sin and Arijit Ghosh, Bloomberg | Monday January 27, 2020

The entire company will be sold but effective control needs to stay with Indian nationals, according to preliminary terms published Monday. Bids are invited by March 17 with Ernst & Young LLP India as transaction adviser.

For 100% Sale Of Air India, March 17 Deadline For Bids: 10 Points

Business | Edited by Peter Noronha (with inputs from agencies) | Monday January 27, 2020

In a revised push to sell the national carrier, the government on Monday announced plans to sell its entire stake in Air India. The development comes after an initial attempt to sell a majority stake in the airline failed to draw a single bid in 2018. The airline is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses r...

Air India Distributes 30,000 National Flags To Passengers On Republic Day

India News | Press Trust of India | Sunday January 26, 2020

The national carrier Air India celebrated the 71st Republic Day by distributing 30,000 Indian flags made of eco-friendly seed paper among the passengers at airports in metro cities and Srinagar on Sunday.

Air India Buyer Will Get An Airline With A Massive Reach, Says Ashwani Lohani

Business | Reported by Sreenivasan Jain, Edited by Abhishek Vasudev | Thursday January 23, 2020

Comments from the top bureaucrat come within two months after the government said the airline will have to shut shop if not privatized.

"Would Be Bidding For Air India If I Wasn't A Minister": Piyush Goyal

India News | Press Trust of India | Thursday January 23, 2020

As the government works on divesting debt-laden Air India, Union Minister Piyush Goyal on Thursday said if he was not a minister, he would be bidding for the airline.

Budget 2020 May Push Medium Term Fiscal Policy Target To 2022-23: Report

Business | Indo-Asian News Service | Monday January 20, 2020

The fiscal deficit for FY20 and its roadmap for FY21 could be heading towards a recalibration with the February Budget slated to hint at the targeted 3 per cent fiscal deficit for the next financial year be pushed to 2022-23, people associated with the developments said.

Alliance Air To Take Special Children On 40-Minute Flight In Bhubaneshwar

Bhubaneshwar News | Press Trust of India | Sunday January 19, 2020

Air India's regional arm, Alliance Air, said on Sunday that it will fly a group of "children with special needs" onboard its ATRaircraft over Bhubaneshwar skies on Wednesday.

Senior Air India Pilot, Found Guilty Of Sexual Harassment, Reinstated

India News | Press Trust of India | Sunday January 19, 2020

A senior Air India pilot, who was suspended in May last year after being accused of sexual harassment by a woman colleague, has been reinstated, senior officials said.

Will Ensure Air India Continues Operates Smoothly: Aviation Ministry

India News | Press Trust of India | Tuesday January 14, 2020

The Civil Aviation Ministry on Tuesday said it would ensure that Air India continues to operate uninterruptedly and improve its operations even as the government plans to go ahead with the national carrier's disinvestment process.

Air India Cancels 4 Flights To Dubai After Heavy Rain Floods Airport

India News | ANI | Sunday January 12, 2020

Air India said on Saturday that it had cancelled four Dubai-bound flights because water-logging at the destined airport after heavy rain, according to a carrier spokesperson.

Air India To Keep Off Iran Airspace As Tensions Rise In Middle East

India News | Press Trust of India | Wednesday January 8, 2020

Hours after a Ukrainian plane carrying 176 people crashed near Tehran and Iranian government conducted missile strikes against US military bases in Iraq, Air India said it is temporarily rerouting its flights and that of its subsidiary Air India Express which use Iranian airspace.

Tens Of Thousands Join Nationwide Strike As Economic Slowdown Hits Jobs

Business | Reuters | Wednesday January 8, 2020

More than 10 national trade unions affiliated to left-wing parties, including the main opposition Congress, have called for a nationwide protest against Prime Minister Narendra Modi's labour reforms. Those include the privatisation of state run companies Air India and oil major BPCL, as well as a merger of public-sector banks.