Air India Bailout

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  India Planning Rs 11,900 Crore Bailout For Airlines Hit By Virus: Report

  India is planning a rescue package worth as much as $1.6 billion for the aviation sector, which has been battered after the coronavirus outbreak forced countries to close borders and brought air travel to a near-halt, two government sources told Reuters.

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  Air India Bailout Plan Not Alternative To Divestment, Says Chairman 

  The government's proposed move to pare Rs 29,000 crore of Air India's debt is a short-term measure and not an alternative to divestment plans, the national carrier's Chairman and Managing Director Pradeep Singh Kharola said on Wednesday.

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  Talks On Air India Bailout Package At "Advanced Stage": Jayant Sinha

  Discussions on a bailout package for embattled state-run carrier Air India are at an "advanced stage", the country's junior aviation minister Jayant Sinha said on Wednesday.

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  Air India Could Get Rs 11,000 Crore Bailout From Centre: Sources

  The civil aviation ministry is in discussions with the finance ministry for a Rs 11,000 crore bailout package for ailing Air India, sources said.

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  After Flop Attempt, Centre Planning To Sell 100% Air India Shares: Report

  Government will soon revive the sale of its money-losing flag carrier with new guidelines after a recent attempt ended in a debacle last month, as the proposed terms deterred potential investors.

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  Air India To Be Split Into Four Separate Companies For Sale, Says Minister Jayant Sinha

  The airline, which is surviving on a taxpayer-funded bailout, has strained government finances for decades, and Finance Minister Arun Jaitley said last year that money spent on Air India could have been used for education.

• Air India strike: Ten sacked, teams sent to homes of 'sick' pilots

  The government has said Air India pilots are making it impossible to justify the 30,000 crore bailout sanctioned just a few weeks ago for the national carrier. More than 150 pilots have called in sick since midnight, forcing the cancellation of at least five international flights. Ten pilots have been sacked and the Indian Pilots Guild (IPG) has b...

• Air India board to meet today to discuss Govt's Rs 7,000 crore revival plan

  A day after the government met with officials of Air India to discuss a bailout package for the ailing airline, its board will meet today to further discuss the revival plans.

• Govt mulling Rs 30,000 crore bailout package for Air India

  Seeking to turnaround the cash-strapped Air India, the government is considering a nearly Rs 30,000 crore package for the national carrier over a period of 10 years, official sources said tonight.

• Did not request Govt for bailout, says Kingfisher

  Is Kingfisher Airlines going the Air India way? The airline cancelled more flights today and its stocks plunged to a lifetime low.

• No government bailout for cash-strapped Kingfisher Airlines

  Is Kingfisher, the country's second-largest private airline, going the Air India way? Sources said the airline has sought Finance Ministry's help on its loans. But the airline maintains it hasn't asked for a government bailout; it has asked banks to increase limits in order to meet escalating operations costs.

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  MPs' panel questions Air India

  As the government considers a bailout plan for Air India, a panel of MPs asks the management tough questions on the airline's functioning.

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  Rs 45,000 crore for Air India: Who will pay?

  These are difficult times for all airlines but perhaps the worst hit of all is Air India - India's government airline.

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  Govt plans bailout for Air India

  This Friday the government is coming out with a bailout for Air India and no bailout for private airlines.