Page 107 - Air India

Air India avoids default; secures refinance loan to service Rs 700 cr NCDs

The debt-laden national carrier's operations and revenue flow have been hit by coronavirus outbreak, which has also resulted in suspension of domestic and international flights.

Top Headlines: Losses rise as India locks down; businesses seek stimulus

Business Standard brings to you the top headlines of the day

Covid-19: Air India to incur Rs 30-35 cr loss per day after flying ban

Air India's total earnings per day are around Rs 60-65 crore and 90 per cent of this comes from passenger revenue, he said adding, "the expenses too are in the same range

Airlines seek govt help to pay staff salary as coronavirus grounds aviation

According to a calculation by the government, Indian airlines are likely to operate only 30 per cent of their fleet for the next two months

Covid-19: GoAir is third airline to cut salaries, all staff to take hit

Extent of March pay cut not known, lowest pay grades will suffer least; domestic airlines have sought urgent funding from govt to pay 50% staff salaries for next three months

Valuation of Air India set to take a knock amid coronavirus outbreak

The aviation industry is expected to make a loss of $67 billion in 2020 and several airlines are expected to file for bankruptcy in the coming months

Top 10 biz headlines: Covid-19 fears, slow hiring at IT firms, and more

Business Standard brings to you top ten business headlines for the day.

Air India to enforce 10% cut in staff allowances, renegotiate contracts

Aviation consultancy CAPA estimates Indian airlines (except Air India) will post $500-600 million loss in first quarter

DPIIT notifies decision to permit NRIs to own up to 100% stake in Air India

The FDI policy earlier permitted NRIs to take only 49 per cent stake in the airline

Air India crew union calls airlines' cost-saving measures illegal

Around the world, airlines are responding to COVID-19 crisis with sharp reduction in capacity, pay cuts and layoffs

Govt needs to infuse Rs 3,000 cr in Air India as sale to get delayed: CAPA

In January, the government restarted the divestment process of the carrier and invited bids for selling its 100 per cent stake in both Air India and Air India Express

Domestic air passenger traffic grew by 8.98% in Feb on rising demand: DGCA

With 83.4%, AirAsia India was number one in on-time performance measured at four metro cities -- Bengaluru, Delhi, Hyderabad and Mumbai.

Air India pilots seek urgent financial aid from govt amid coronavirus fears

With global travel bans due to the pandemic, many airlines across the world are staring at massive losses and fear going bust.

Coronavirus outbreak takes a toll on Air India's disinvestment process

Industry executives and investment bankers said there is less chance of the process being successful in the current situation as business houses, including airlines, are looking to conserve cash

Air India cancels flights to Italy, France, Germany, three other countries

The decision has been taken in the wake of the coronavirus outbreak

Govt extends deadline to submit bids for Air India sale till April 30

In January, the government restarted the divestment process of Air India and invited bids for selling 100 per cent of its equity in the state-owned airline

Covid-19: Air India, Air India Express offer free rescheduling of tickets

The national carrier said one free change of travel date would be permitted for new bookings made till March 31

Deadline for Air India's initial bids may be extended: Hardeep Singh Puri

Puri said the disinvestment process for Air India is going on "extremely well"

CBDT asks govt to tell PSUs to opt for 'Vivad se Vishwas' scheme

So far, no PSU has shown interest in the scheme

Top headlines: YES Bank rescue plan, Coronavirus India cases rise, and more

From Air India's disinvestment plan to YES Bank's stock crash, here are the top stories for the day