Air India Losses
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Government Says Infused Rs 23,993 Crore Funds In Air India
Air India is surviving on a Rs 30,231 crore bailout package extended by the previous UPA government in 2012 for a 10-year period and also equity support for payment of principal/interest of the non-convertible debentures.
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Two Air India Unions Seek CBI Probe into Airline's Losses
In a letter to the Prime Minister last week, two Air India unions -- All India Service Engineering Association and Air India Employees' Union -- have also alleged "trampling" of employees' rights by a "dictatorial" management in the name of the Turnaround Plan (TAP).
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Air India, AI Express, Alliance Air Incurred Rs 17,032 Crore In Losses During April 2020-December 2021 Period: Centre
Air India, Air India Express and Alliance Air suffered a total loss of Rs 17,032 crore between April 2020 and December 2021, Civil Aviation Minister Jyotiraditya Scindia said in the Lok Sabha on Thursday.
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Air India, AI Express, Alliance Air Incurred Rs 17,032 Crore In Losses During April 2020-December 2021 Period: Centre
Air India, Air India Express and Alliance Air suffered a total loss of Rs 17,032 crore between April 2020 and December 2021, Civil Aviation Minister Jyotiraditya Scindia said in the Lok Sabha on Thursday.
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Civil Aviation Ministry Mulls Rs 11,000 Crore Bailout Package For Air India
The Civil Aviation Ministry may be planning another bailout package for India’s national carrier.
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Air India’s Operating Profit More Than Doubles To Rs 298 Crore In FY17
The net loss of the state-owned airline, however, widened to Rs 5,765.16 crore in 2016-17.
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Air India In Multiple Scams, Says CBI. Here's What It's Investigating
The CBI is investigating a decade-old deal which saw Air India and Indian Airlines acquiring 111 aircraft, saddling the national carriers with losses. The deal was approved by the cabinet of Prime Minister Manmohan Singh; the new inquiry adds to a list of scandals linked to his two successive terms in sectors including coal and telecom.
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The Maharaja Is Now Impoverished, Says Aviation Minister Ashok Gajapathi Raju
The Maharaja has seen good days, but is impoverished now, Union Minister for Civil Aviation Ashok Gajapathi Raju told NDTV on Thursday, sharing that when plan body NITI Aayog said Air India may be the first public sector unit to be up for disinvestment, no one at his ministry was surprised.
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Government Auditor Refutes Air India’s Claim Of An Operating Profit In FY16
The national carrier ran Rs 321 crore operating losses, not Rs 105 crore profit: CAG
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Government Says Infused Rs 23,993 Crore Funds In Air India
Air India is surviving on a Rs 30,231 crore bailout package extended by the previous UPA government in 2012 for a 10-year period and also equity support for payment of principal/interest of the non-convertible debentures.
-
Air India Chairman Says Airline Moving Towards Turnaround
The ailing Air India is moving towards a turnaround and expecting even better performance after narrowing its loss in the June quarter to Rs 246 crore, from Rs 316 crore in the corresponding period a year ago.
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Can Air India, Saddled With Over Rs 51,000 Crore Debt, Really Turn Around?
Is Air India capable of servicing its debt?
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Government Says Air India No Longer Loss-Making
Efficient functioning and reduction in operational costs has helped national carrier Air India turn from a loss-making airline into an "operational profit unit", the Lok Sabha was informed on Tuesday.
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Air India Likely To Suffer Rs 2,636 Crore Net Loss In FY16
The government on Thursday said that national passenger carrier Air India is likely to suffer a net loss of Rs.2,636 crore during 2015-16.
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Government To Consider Air India Stake Sale: Report
India is to examine the possibility of selling up to 49 percent of loss-making national carrier Air India, news agency NewsRise Financial reported on Wednesday, citing an unnamed official.
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Government Says Infused Rs 23,993 Crore Funds In Air India
Air India is surviving on a Rs 30,231 crore bailout package extended by the previous UPA government in 2012 for a 10-year period and also equity support for payment of principal/interest of the non-convertible debentures.
-
Two Air India Unions Seek CBI Probe into Airline's Losses
In a letter to the Prime Minister last week, two Air India unions -- All India Service Engineering Association and Air India Employees' Union -- have also alleged "trampling" of employees' rights by a "dictatorial" management in the name of the Turnaround Plan (TAP).
-
Air India, AI Express, Alliance Air Incurred Rs 17,032 Crore In Losses During April 2020-December 2021 Period: Centre
Air India, Air India Express and Alliance Air suffered a total loss of Rs 17,032 crore between April 2020 and December 2021, Civil Aviation Minister Jyotiraditya Scindia said in the Lok Sabha on Thursday.
-
Air India, AI Express, Alliance Air Incurred Rs 17,032 Crore In Losses During April 2020-December 2021 Period: Centre
Air India, Air India Express and Alliance Air suffered a total loss of Rs 17,032 crore between April 2020 and December 2021, Civil Aviation Minister Jyotiraditya Scindia said in the Lok Sabha on Thursday.
-
Civil Aviation Ministry Mulls Rs 11,000 Crore Bailout Package For Air India
The Civil Aviation Ministry may be planning another bailout package for India’s national carrier.
-
Air India’s Operating Profit More Than Doubles To Rs 298 Crore In FY17
The net loss of the state-owned airline, however, widened to Rs 5,765.16 crore in 2016-17.
-
Air India In Multiple Scams, Says CBI. Here's What It's Investigating
The CBI is investigating a decade-old deal which saw Air India and Indian Airlines acquiring 111 aircraft, saddling the national carriers with losses. The deal was approved by the cabinet of Prime Minister Manmohan Singh; the new inquiry adds to a list of scandals linked to his two successive terms in sectors including coal and telecom.
-
The Maharaja Is Now Impoverished, Says Aviation Minister Ashok Gajapathi Raju
The Maharaja has seen good days, but is impoverished now, Union Minister for Civil Aviation Ashok Gajapathi Raju told NDTV on Thursday, sharing that when plan body NITI Aayog said Air India may be the first public sector unit to be up for disinvestment, no one at his ministry was surprised.
-
Government Auditor Refutes Air India’s Claim Of An Operating Profit In FY16
The national carrier ran Rs 321 crore operating losses, not Rs 105 crore profit: CAG
-
Government Says Infused Rs 23,993 Crore Funds In Air India
Air India is surviving on a Rs 30,231 crore bailout package extended by the previous UPA government in 2012 for a 10-year period and also equity support for payment of principal/interest of the non-convertible debentures.
-
Air India Chairman Says Airline Moving Towards Turnaround
The ailing Air India is moving towards a turnaround and expecting even better performance after narrowing its loss in the June quarter to Rs 246 crore, from Rs 316 crore in the corresponding period a year ago.
-
Can Air India, Saddled With Over Rs 51,000 Crore Debt, Really Turn Around?
Is Air India capable of servicing its debt?
-
Government Says Air India No Longer Loss-Making
Efficient functioning and reduction in operational costs has helped national carrier Air India turn from a loss-making airline into an "operational profit unit", the Lok Sabha was informed on Tuesday.
-
Air India Likely To Suffer Rs 2,636 Crore Net Loss In FY16
The government on Thursday said that national passenger carrier Air India is likely to suffer a net loss of Rs.2,636 crore during 2015-16.
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Government To Consider Air India Stake Sale: Report
India is to examine the possibility of selling up to 49 percent of loss-making national carrier Air India, news agency NewsRise Financial reported on Wednesday, citing an unnamed official.
