Air India Debt
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Air India's Reboot: Best On-Time Performance Among Indian Airlines
Almost a year has passed since India's biggest conglomerate bought Air India Ltd., promising to turn it into a world-class airline. Reviving the carrier and winning over passengers won't be easy.
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Air India Transaction "Extremely Challenging": Minister J Scindia To NDTV
Air India had to be sold because debt had been piling up to a point where it could no longer be sustained by the government, Civil Aviation Minister Jyotiraditya Scindia told NDTV today, a day after Tata group formally took over the airline.
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Tata's Takeover Of Air India: 5 Key Points
Air India is back with the Tatas. The government formally handed over the airline to Tata group today, nearly four months after the salt-to-software conglomerate outbid a consortium led by SpiceJet chief Ajay Singh.
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Ratan Tata Says "Will Take Considerable Effort To Rebuild Air India"
Tata Sons chairman emeritus Ratan Tata today expressed delight after the salt-to-software conglomerate won the bid to acquire debt-laden Air India.
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Air India Sold Its 115 Properties For Rs 738 Crore Since 2015: Government
Air India has sold its 115 properties for Rs 738 crore since 2015 to offset its debt, Minister of State for Civil Aviation VK Singh said on Thursday.
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UAE Honours Indian Businessman For Philanthropic Work
The UAE has honoured an Indian businessman for helping debt-ridden migrant prisoners by assisting them to repay their debts and providing them free air travel back to their respective countries, according to a media report.
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Air India Debt Rising Due To Competition, Operating Costs: Union Minister
Air India's debt has been rising for last three years as it has been incurring losses for reasons such as increase in competition, especially from Low Cost Carriers (LCCs), high interest burden and operating costs, Union Aviation Minister Hardeep Singh Puri on Wednesday.
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Dues Not Paid, No Tickets To Central Employees On Credit: Air India
Debt-laden Air India has stopped issuing tickets on credit to officials of various government agencies such as the CBI and the Enforcement Directorate, which owe it more than Rs 10 lakh each, a senior official of the national carrier said on Thursday.
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Air India, Bharat Petroleum Sale By March, Says Finance Minister Nirmala Sitharaman: Report
Air India and Bharat Petroleum Corporation, two debt-ridden state-owned companies, are expected to be sold by the government by March next year, Finance Minister Nirmala Sitharaman said in an interview with the Times of India. The Finance Minister's statement comes at a time the ailing national carrier is facing financial stress, sitting on a debt ...
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India Open To Selling Part Of Air India To Foreign Airline: Report
India is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said on Wednesday.
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More Flying Hours Per Plane: Debt-Hit Air India's Plan To Cut Losses
State-owned Air India is planning to increase the daily utilisation of its aircraft both on domestic as well as international routes, a senior company official said on Tuesday.
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Government To Allocate Rs 3,900 Crore To Service Air India Debt
The government will provide a total of Rs 3,900 crore for servicing Air India's loans transferred to a special purpose vehicle, according to budget documents.
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Air India Bailout Plan Not Alternative To Divestment, Says ChairmanÂ
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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Centre Puts Off Air India Stake Sale For Now, Says Senior Official
The government has decided not to go ahead with Air India stake sale in an election year and will provide required funds for its operations, a senior official said today. The decision comes less than 3 weeks after the proposed 76 per cent strategic stake sale in debt laden national carrier failed to attract any bidder.
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New Owners Of Air India To Get Planes And $5 Billion Of Debt
India is selling a controlling stake in its flagship carrier along with two-thirds of the loss-making airline's about $7.8 billion debt, as Prime Minister Narendra Modi moves ahead with the nation's most high profile asset sale in decades.
-
Air India's Reboot: Best On-Time Performance Among Indian Airlines
Almost a year has passed since India's biggest conglomerate bought Air India Ltd., promising to turn it into a world-class airline. Reviving the carrier and winning over passengers won't be easy.
-
Air India Transaction "Extremely Challenging": Minister J Scindia To NDTV
Air India had to be sold because debt had been piling up to a point where it could no longer be sustained by the government, Civil Aviation Minister Jyotiraditya Scindia told NDTV today, a day after Tata group formally took over the airline.
-
Tata's Takeover Of Air India: 5 Key Points
Air India is back with the Tatas. The government formally handed over the airline to Tata group today, nearly four months after the salt-to-software conglomerate outbid a consortium led by SpiceJet chief Ajay Singh.
-
Ratan Tata Says "Will Take Considerable Effort To Rebuild Air India"
Tata Sons chairman emeritus Ratan Tata today expressed delight after the salt-to-software conglomerate won the bid to acquire debt-laden Air India.
-
Air India Sold Its 115 Properties For Rs 738 Crore Since 2015: Government
Air India has sold its 115 properties for Rs 738 crore since 2015 to offset its debt, Minister of State for Civil Aviation VK Singh said on Thursday.
-
UAE Honours Indian Businessman For Philanthropic Work
The UAE has honoured an Indian businessman for helping debt-ridden migrant prisoners by assisting them to repay their debts and providing them free air travel back to their respective countries, according to a media report.
-
Air India Debt Rising Due To Competition, Operating Costs: Union Minister
Air India's debt has been rising for last three years as it has been incurring losses for reasons such as increase in competition, especially from Low Cost Carriers (LCCs), high interest burden and operating costs, Union Aviation Minister Hardeep Singh Puri on Wednesday.
-
Dues Not Paid, No Tickets To Central Employees On Credit: Air India
Debt-laden Air India has stopped issuing tickets on credit to officials of various government agencies such as the CBI and the Enforcement Directorate, which owe it more than Rs 10 lakh each, a senior official of the national carrier said on Thursday.
-
Air India, Bharat Petroleum Sale By March, Says Finance Minister Nirmala Sitharaman: Report
Air India and Bharat Petroleum Corporation, two debt-ridden state-owned companies, are expected to be sold by the government by March next year, Finance Minister Nirmala Sitharaman said in an interview with the Times of India. The Finance Minister's statement comes at a time the ailing national carrier is facing financial stress, sitting on a debt ...
-
India Open To Selling Part Of Air India To Foreign Airline: Report
India is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said on Wednesday.
-
More Flying Hours Per Plane: Debt-Hit Air India's Plan To Cut Losses
State-owned Air India is planning to increase the daily utilisation of its aircraft both on domestic as well as international routes, a senior company official said on Tuesday.
-
Government To Allocate Rs 3,900 Crore To Service Air India Debt
The government will provide a total of Rs 3,900 crore for servicing Air India's loans transferred to a special purpose vehicle, according to budget documents.
-
Air India Bailout Plan Not Alternative To Divestment, Says ChairmanÂ
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.
-
Centre Puts Off Air India Stake Sale For Now, Says Senior Official
The government has decided not to go ahead with Air India stake sale in an election year and will provide required funds for its operations, a senior official said today. The decision comes less than 3 weeks after the proposed 76 per cent strategic stake sale in debt laden national carrier failed to attract any bidder.
-
New Owners Of Air India To Get Planes And $5 Billion Of Debt
India is selling a controlling stake in its flagship carrier along with two-thirds of the loss-making airline's about $7.8 billion debt, as Prime Minister Narendra Modi moves ahead with the nation's most high profile asset sale in decades.
