Page 113 - Air India

Air India employee unions write to PM Modi, seek waiver of airline loans

Against the backdrop of the government working out the modalities for Air India disinvestment, seven employee groupings have also said the carrier can be turned around

Govt likely to invite bids for stake sale in Air India, BPCL by next month

Last month, the Cabinet had approved a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control

Will look at any opportunity: Delta Air official on Air India stake sale

To revive the debt-laden Air India, the government is working on the modalities for 100 per cent stake sale in the national carrier

Delta, United challenge Air India, Gulf carriers on US-India routes

Delta to begin New York-Mumbai route on December 24

Air India may not be able to sustain operations, CMD Lohani tells Centre

Air India is seeking government approval to raise a Rs 2,000-crore loan and refinance $819-million aircraft debt, which would help tide over the financial crisis

Govt looks to move debt out of Air India balance sheet before stake sale

The official also said the government is trying to work out some formula to further make the deal more sweeter

Govt working on Air India's debt issue to make it more attractive to buyers

The second and the most important learning of the bid process was regarding Air India's accumulated huge amount of debt, which was retained by saleable part of the airline

November pain: Air India's domestic market share falls to lowest in 2019

The government's refusal to inject money into national carrier Air India shows in its declining market share.

Air India will default on payments without govt help in fundraising: Lohani

Air India is losing Rs 150-200 crore each month despite 10 per cent year-on-year increase in revenue

Indian airlines set for $600-million loss in FY20, says CAPA report

CAPA estimates Air India to post a loss of $500 million this year, due to the grounding of over 20 aircraft

Airlines fail to gain from fuel price cut, may post $600 mn loss in FY20

The financial projections are based on the assumptions that oil prices are in the range of $60-65 per barrel, exchange rate is Rs 70-72 against USD and that airlines maintain pricing discipline.

Aviation scam: Delhi HC grants bail to lobbyist Deepak Talwar's close aide

"The applicant (Kapoor) is willing to give an undertaking that she will in no manner, whatsoever, interfere or attempt to interfere with the investigation or the process of administration of justice,"

Govt to sell 100% stake in Air India as part of disinvestment: Puri

The national carrier, which has a debt burden of more than Rs 50,000 crore, has been making loss for long and as part of revival efforts, the government has decided on disinvestment

Air India seeks Rs 2,400 cr guarantee from govt to raise fresh funds

The development comes at a time when the government is in the process of finalising the contours for divestment of debt-laden Air India

Air India plane grounded due to technical reasons, returns to Raipur

A passenger said the flight, scheduled for 12:30 pm departure, was delayed by an hour, and around 25 minutes after take off, it returned to Raipur. He also claimed that lunch was served only evening

Air India's subsidiary starts Guwahati-Dimapur-Imphal flight under UDAN

It will connect Guwahati-DimapurImphal-Dimapur- Guwahati three times a week on both routes, officials said

Air India has received Rs 30,520-cr equity infusion since FY12, says govt

To prepare for the disinvestment, the government is implementing a strategic plan

Privatisation to the rescue: But will it work? Here's how it can be made to

The Modi govt is strong enough to override the resistance that has come from some quarters, but it should be mindful of reputation risks in decisions on complex financial questions, writes T N Ninan

Aviation minister's Air India remark may scare passengers: Employees' union

The employees' union called hardeep Singh Puri's comment on Air India to be shut down if not privatised 'highly damaging' which will have 'massive financial implications'.

No cancellation, rescheduling charges on Jammu flights till July 13: AI

The relaxation of penalty charges is due to prevailing terror attack situation