Page 75 - Air India

SIA in talks with Tata group for possible merger of Vistara, Air India

SIA owns 49% of Vistara in JV with Tata Group; Vistara could be merged into Air India, which is headed by former SIA executive

Top headlines: RBI unveils digital rupee features, HUL price cuts, and more

Business Standard brings you the top headlines at this hour

Indian airlines revamp their in-flight menus amid intense competition

Air India latest carrier to update menu, but others have tweaked their offerings too

Air India plans raising $1 bn; to start 20 weekly international flights

The carrier, controlled by India's oldest conglomerate Tata Group, is in discussions with potential investors including private equity funds and sovereign wealth funds, said the people

Air India halves discount on basic fares for senior citizens, students

Tata Group-owned full-service carrier Air India has reduced by half the discount offered on basic fares to senior citizens and students in the economy class on its flights, according to its website. The revised discount on basic fares is effective from September 29. Tata Group took control of the loss-making Air India from the government on January 27, this year. "... (under senior citizen and student concession) for tickets issued on/after 29th September 2022, 25 per cent (discount) of basic fare will be applicable on select booking classes in economy cabin," as per the website. Air India earlier was offering 50 per cent discount on select booking classes in economy cabins of its aircraft to these two categories of travellers, according to the website. Separately, in a circular dated September 28, the airline said "it has been decided to revise the concessionary fares with effect from 29th September 2022. The changes are applicable for tickets issued on/after 29th September ...

Passengers from bird-hit Air India plane leave for Delhi via another flight

The passengers who were stranded here a day ago after a Delhi-bound Air India plane was forced to land at the Kannur International Airport due to a bird hit, finally left for the national capital on Tuesday aboard another aircraft of the airline. The flight with 135 passengers had originated from Kozhikode and landed in the Kannur airport before flying to Delhi. "A Delhi-bound Air India flight from Bengaluru was routed through Kannur to pick up the 61 stranded passengers," the airport SHO told PTI. They were sent on the flight from Bengaluru as the bird-hit aircraft was still undergoing fitness trials and the airline did not want to further delay the travel plans of the passengers, the officer said. While the bird-hit aircraft was undergoing repairs, Air India also kept open the option of routing a flight from Bengaluru to Delhi through Kannur, the officer said. Earlier in the day, an Air India official said that they planned to send the passengers to Delhi on the same bird-hit ..

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