Air India News

Latest On Air India Sale In 10 Points: Government Prefers Domestic Buyer

Business | NDTV Profit Team | Monday October 16, 2017

The government would prefer selling Air India, its debt-laden carrier to a domestic buyer, news agency Reuters reported citing a government source on Monday. It is mulling to sell the airline's various businesses - which include ground-handling, domestic operations and international flights - in parts, the report added. The state-run carrier, which...

Government Should Exit Air India, Says Report

Business | Press Trust of India | Wednesday October 11, 2017

In a brief report, aviation think tank CAPA India also said that cleaning up Air India's balance sheet would be the most important step.

Government Seeks Asset Valuer For Air India Stake Sale

Business | Press Trust of India | Friday September 22, 2017

The Union Cabinet has given its in-principal approval for disinvestment of the debt-laden Air India and has constituted a group of ministers to chart out the future course of action.

Air India Employees Appeal To Union Minister To Protect Jobs

Business | Press Trust of India | Friday September 15, 2017

Nitin Gadkari is part of the group of ministers constituted by the Union Cabinet to chalk out a strategy for disinvestment of Air India.

On-Time Performance Key Factor For Airline's Fortune: Air India Chief

Business | Press Trust of India | Friday September 15, 2017

"I firmly believe that OTP holds the key to an airline's performance index and is the most important deciding factor, along with service standards in determining an airline company's fortune," Air India chief Rajiv Bansal said.

Government Invites Bids For Advisers On Air India's Divestment

Business | Indo-Asian News Service | Thursday September 14, 2017

According to two separate notices on the Department of Investment and Public Asset Management's website, the proposal for advisers have been invited to guide the government on financial and legal issues associated with the strategic disinvestment.

Air India Plans To Take Rs 3,250 Crore Loans For 'Urgent' Capital Needs

Business | Press Trust of India | Wednesday September 13, 2017

Air India, which is staying afloat on taxpayers' funds, expects to get the central government's guarantee for the proposed borrowings shortly.

Air India Puts Key Properties For Sale, Aims To Raise Rs 500 Crore

Business | Press Trust of India | Thursday August 24, 2017

According to a public notice, Air India has sought bids for sale of properties in Mumbai, Bengaluru, Kolkata, Chennai, Thiruvananthapuram, Ahmedabad, Pune, Goa, Lucknow, Gwalior, Gurgaon and Bhuj.

Writing Off Some Air India Debt Could Be A Wise Move: Arvind Panagariya

Business | Press Trust of India | Wednesday August 9, 2017

Following a suggestion by Niti Aayog, the government is endeavouring to privatise the state-owned carrier and a committee has been set up under Finance Minister Arun Jaitley to carry forward the process.

Air India Delays Payment Of July Salaries

Business | Press Trust of India | Friday August 4, 2017

Air India, which has been in the red for long, has around 21,000 employees.

Flying High, IndiGo Eyes Air India For A New Take-Off

Business | Press Trust of India | Friday June 30, 2017

The profitable no-frills carrier, which came into existence in August 2006, also has the largest number of aircraft on order, with more than 450 to be delivered in coming years.

Air India Warns Former Employees From Speaking Against Airline On Social Media

India News | Press Trust of India | Thursday June 29, 2017

National carrier Air India has warned its former employees of severe consequences such as withdrawal of post-retirement benefits if they speak out against the airline on social media.

Cabinet Approves Plan To Sell Government Stake In Air India

Business | Thomson Reuters | Wednesday June 28, 2017

After the cabinet meeting, Finance Minister Arun Jaitley told reporters the government had given an "in-principle" approval for the stake sale.

Privatisation Talk Hasn't Affected Air India's Expansion Plans: Ashwani Lohani

Business | Press Trust of India | Saturday June 24, 2017

"We are doing all that is needed to financially revive Air India. We are going to launch new domestic and international flights and for this recruitment is on," Ashwani Lohani said speaking to reporters.

Tata Group Shows Interest In Buying Majority Stake In Air India: Report

India News | Agencies | Wednesday June 21, 2017

Privatising Air India is expected to be difficult unless the government writes off at least part of the debts.