Loss-making Airline

Conglomerate Wadia Group is in talks with strategic partners to either sell a majority stake in loss-making budget airline Go First or completely exit it, the Economics Times reported today,

Air India on Friday made a voluntary retirement offer for its non-flying staff, the second such offer by the Tata Group after taking control of the loss-making airline in January last year.

Cash-strapped Sri Lanka's loss-making national carrier revealed plans Thursday to lease up to 21 aircraft, just two days after the government announced a default on its $51 billion foreign debt.

When Ilker Ayci, the former Chairman of Turkish Airlines, takes control of the currently loss-making Air India, he will be the first foreign national to be at the helm of the once-storied carrier.

On September 15, Tata Sons and SpiceJet Chairman Ajay Singh officially submitted their final bids to buy India's flag carrier Air India, raising hopes that the disinvestment process of the loss-making airline will be completed in this financial year. Besides 100 per cent stake in the national airline, the potential buyer will get Air India's 100 pe...

The International Monetary Fund announced the release of the latest instalment of Sri Lanka's $1.5 billion bailout on Saturday, but warned that restructuring the loss-making national airline was essential to sustain economic recovery.

Air India's employee unions today said they were preparing an alternative plan to revive the debt-laden national carrier, a day after the government announced that not a single bid had been received for the proposed stake sale in the loss-making airline.

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.

The government is considering selling state-owned Air India in parts to make it attractive to potential buyers, as it reviews options to divest the loss-making flagship carrier, several government officials familiar with the situation said.

The future course of action for the loss-making airline is being actively looked at by the government and a decision on the possible privatisation is likely in three months, Jayant Sinha said.

A Pakistan International Airlines flight, last month, from Karachi to Saudi Arabia's Madina carried seven extra passengers who were made to stand in aisles, prompting a probe into the serious breach of security regulations by Pakistan's loss-making national carrier, according to media reports.

Industry executives and analysts say they expect loss-making Vistara and AirAsia India, both part-owned by Tata, to enjoy fresh cash and expansion plans as low fuel prices and Indian government policy drive a boom in air travel.

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.

Loss-making budget airline AirAsia India said on Thursday it had appointed a new chief executive officer as part of a management shake-up, as the carrier seeks to boost its small market share and turn a profit in a fiercely competitive aviation market.

Come January 1, loss-making government-run airline Air India will not serve non-vegetarian food to its economy class passengers on flights up to 90 minutes duration.

Conglomerate Wadia Group is in talks with strategic partners to either sell a majority stake in loss-making budget airline Go First or completely exit it, the Economics Times reported today,

Air India on Friday made a voluntary retirement offer for its non-flying staff, the second such offer by the Tata Group after taking control of the loss-making airline in January last year.

Cash-strapped Sri Lanka's loss-making national carrier revealed plans Thursday to lease up to 21 aircraft, just two days after the government announced a default on its $51 billion foreign debt.

When Ilker Ayci, the former Chairman of Turkish Airlines, takes control of the currently loss-making Air India, he will be the first foreign national to be at the helm of the once-storied carrier.

On September 15, Tata Sons and SpiceJet Chairman Ajay Singh officially submitted their final bids to buy India's flag carrier Air India, raising hopes that the disinvestment process of the loss-making airline will be completed in this financial year. Besides 100 per cent stake in the national airline, the potential buyer will get Air India's 100 pe...

The International Monetary Fund announced the release of the latest instalment of Sri Lanka's $1.5 billion bailout on Saturday, but warned that restructuring the loss-making national airline was essential to sustain economic recovery.

Air India's employee unions today said they were preparing an alternative plan to revive the debt-laden national carrier, a day after the government announced that not a single bid had been received for the proposed stake sale in the loss-making airline.

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.

The government is considering selling state-owned Air India in parts to make it attractive to potential buyers, as it reviews options to divest the loss-making flagship carrier, several government officials familiar with the situation said.

The future course of action for the loss-making airline is being actively looked at by the government and a decision on the possible privatisation is likely in three months, Jayant Sinha said.

A Pakistan International Airlines flight, last month, from Karachi to Saudi Arabia's Madina carried seven extra passengers who were made to stand in aisles, prompting a probe into the serious breach of security regulations by Pakistan's loss-making national carrier, according to media reports.

Industry executives and analysts say they expect loss-making Vistara and AirAsia India, both part-owned by Tata, to enjoy fresh cash and expansion plans as low fuel prices and Indian government policy drive a boom in air travel.

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.

Loss-making budget airline AirAsia India said on Thursday it had appointed a new chief executive officer as part of a management shake-up, as the carrier seeks to boost its small market share and turn a profit in a fiercely competitive aviation market.

Come January 1, loss-making government-run airline Air India will not serve non-vegetarian food to its economy class passengers on flights up to 90 minutes duration.