Page 72 - Air India

Top headlines: Car makers eye pre-Covid profits, Air India's market share

Optical fibre cable (OFC) manufacturers are bracing to meet a multifold increase in fiberisation, aggressively tap global markets to power 5G services, and cope with demand from fibre-to-the home

Air India processes refunds worth over Rs 150 crore after privatisation

Handles 250,000 refund cases in just the first few months since Tatas took over, says eligible request lodged on website will typically be processed within 2-3 days

Air India's future market share depends on aviation sector's probabilities

Its aim for a third of the domestic market by 2027 is contingent on a host of factors, many of them outside its control

Full backlog of over 250,000 Covid-19 refunds processed: Air India

Acknowledging that refunds have been an issue for many airlines during the global pandemic and subsequent recovery, Air India on Monday shared details

Tata Sons to halve the number of listed companies from 29 to 15: Report

Under the current chairman N Chandrasekaran, Tata Sons has been taking steps to consolidate its business to improve its efficiency

Tata Sons to offer stakes in Vistara to Singapore Airlines: Report

After the merger of Vistara and Air India, AI will become India's largest airline behind IndiGo

Air India signs deal with Willis Lease Finance to replace 34 old engines

Air India has 113 planes in its fleet currently. Its narrow-body fleet comprises 70 aircraft, of which 54 are in service

Race for net-zero emissions: Indian airlines take off on sustainable fuel

GREEN DEAL: Air India, AirAsia India, Vistara ink MoU with CSIR-IIP for sustainable aviation fuel

Air India extends validity of frequent flyer points till March 31, 2023

Air India has extended the validity benefits under Flying Returns, the airline's 'Frequent Flyer' programme, till March 31, 2023

'Tatas evaluating options to consolidate AirAsia India, Vistara under AI'

The Tata Group has started an exercise to evaluate options to consolidate AirAsia India and Vistara under Air India to bring operational synergies among the three airlines under its umbrella, sources said. Air India, which the group had taken control of in January after winning the bid to acquire the national carrier for Rs 18,000 crore in October last year, has set up a team under its Director of Operations, R S Sandhu, sources familiar with the development said. The team will evaluate synergies in operations between Air India Express and AirAsia India as well as between Air India and Vistara, they said. "Air India CEO and MD Campbell Wilson has set up this team, which will look into synergy between Air India Express and AirAsia India and also between Air India and Vistara and how to achieve the merger," a source said. The team has been asked to submit its plan within one year, the source added. It is understood that the plan is to achieve consolidation of AirAsia India into Air

Mumbai airport handles 260,000 passengers over weekend, most since May 2020

Delhi, Bengaluru and Chennai were the top three domestic destinations, while Dubai, Abu Dhabi and Singapore took the top three positions for highest international traffic

Air India Express incurs net loss for the first time in seven years

Before FY22, Air India Express was in the red in FY15, when it posted a net loss of Rs 61 crore

Govt starts works on sale of 4 Air India subsidiaries it retained

Ground-handling arm would be monetised first; investor roadshows for all companies organised

Govt begins sale of erstwhile national carrier Air India's 2 subsidiaries

The government has initiated the process of privatising 2 subsidiaries AIASL and AIESL of erstwhile national carrier Air India, an official said. The Department of Investment and Public Asset Management (DIPAM) has initiated investor meetings and roadshows to gauge interest in AIASL and AIESL. We will soon invite EoIs from interested bidders, the official said. A debt-laden Air India was sold to Tata Group in October last year for Rs 18,000 crore. The actual handover to Tatas happened on January 27, 2022. However, four Air India subsidiaries -- Air India Airport Services Ltd (AIASL), Air India Engineering Services Ltd (AIESL), Alliance Air Aviation Ltd (AAAL), and Hotel Corporation of India Ltd (HCI) -- and other non-core assets, painting and artefacts, besides, non-operational assets were not part of the deal. These subsidiaries and non-core assets valued at about Rs 15,000 crore have been transferred to an SPV Air India Assets Holding Ltd (AIAHL). The government had then sai

TMS Ep262: Air India, Roger Federer's legacy, IT stocks, Yvon Chouinard

Can Air India become the Maharaja of Indian skies? What's Roger Federer's legacy? Will IT stocks continue to underperform? How Patagonia and Yvon Chouinard plan to save the earth? All answers here

Can Air India become the Maharaja of Indian skies again?

Air India has unveiled a five-year transformation plan that is expected to triple its domestic market share. So, can Air India become the 'Maharaja' of Indian skies again? Let us find out

Akasa Air filled 53% seats in August, accounting for 0.2% market share

Top-6 carriers posted much higher seat occupancy; experts say not much can be read into Akasa's load factor as airline is at a very nascent stage

Five-year transformation goal: Air India eyes 30% domestic share

Air India, as it operates wide-body planes with bigger fuel tanks, is the market leader on long international routes that reach as far as the US

Top headlines: AI puts in place transformation plan;BPCL divestment stalled

The carrier, which plans to induct 30 new wide-body and narrow-body aircraft, on Thursday announced 'Vihaan.AI', a comprehensive transformation plan with a detailed road map for next five years

AI puts in place transformation plan; aims 30% domestic mkt share in 5 yrs

Air India aims to have a domestic market share of 30 per cent and significantly strengthen its international operations in next five years, with the Tatas-owned airline putting in place a transformation plan after gathering feedback from staff. The carrier, which plans to induct 30 new wide-body and narrow-body aircraft, on Thursday announced 'Vihaan.AI', a comprehensive transformation plan with a detailed road map for next five years. Under the plan, the focus will be on dramatically growing both its network and fleet, developing a completely revamped customer proposition, improving reliability and on-time performance, and taking a leadership position in technology, sustainability, and innovation, as well as aggressively investing behind the best industry talent, according to a release. "Over next 5 years, Air India will strive to increase its market share to at least 30 per cent in the domestic market while significantly growing the international routes from the present market ...