Page 88 - Air India

Higher competitive pressures to weigh on IndiGo, SpiceJet

Tata's Air India win, new entrants could lead to pricing war: Experts

A powerful signal

Govt's approval of Air India privatisation is a landmark

Work to monetise Alliance Air, 3 other AI subsidiaries to start: DIPAM Secy

After AI privatisation, government will now start work on monetising its four other subsidiaries, including Alliance Air, and over Rs 14,700 crore worth non-core assets DIPAM Secy Tuhin Kanta Pandey

Air India: How the government got rid of the albatross around its neck

Air India's sale process will be used as a case study for future asset sale and privatisation bids

Top headlines: Tatas back in the Air India cockpit, TCS PAT rises 14% in Q2

Along with the brand and the slots of the debt-ridden state-owned airline, the Tatas will get the low-cost subsidiary Air India Express and a 50 per cent stake in ground handling firm AISATS.

Tatas have liberty to refer new balance sheet to CAG-approved CA: TK Pandey

DIPAM Secretary says rescue missions such as Vande Bharat are on a cost recovery basis. Air India One has been transferred to the Indian Air Force. This will also be on a cost recovery basis

Air India returns to Tatas after group puts in winning bid of Rs 18,000 cr

Airline will return to Tatas after 68 years; first privatisation move in two decades

Air India has broken 19-year privatisation jinx

The Union government had been trying to privatise public sector enterprises (PSEs) for four years through what it safely labels 'strategic sale'.

Air India to boost Tatas' aviation ambitions

The acquisition will give the Tatas a firm footing on international routes and generate economies of scale

Full circle: AI returns to Tatas who have to revive a much-diminished brand

The Tatas have their work cut out in restoring customer trust and much, much more

Tata Group patriarch Ratan Tata welcomes Air India back into the fold

Says JRD would have been overjoyed by the development, says airline was recognised as one of the world's most prestigious under the late group head

Tata brings Air India home: Here's the carrier's 90-year journey

Air India returns to Tatas after group puts in winning bid of Rs 18,000 cr

Tata Sons wins bid: Air India may see turnaround as debt eases by 75%

Air India reported an operating profit of Rs 1,787 crore in FY20 on a consolidated basis but reported a net loss of Rs 7427 crore due to interest and depreciation costs

Air India is nostalgic airline for most TCSers: CEO Rajesh Gopinath

Air India is a "nostalgic airline" for most TCS employees and the IT services major will offer its complete support in whatever form it can, to contribute to the revival of the airline, TCS CEO said

Air India deal: Tatas back in the cockpit after decades of resistance

The group has been battling fierce opposition from other airlines and politicians since the 1990s

Top headlines: Air India returns to Tatas; CEA Subramanian to step down

Business Standard brings you the top headlines on Friday

Tatas will have to retain all AI employees for 1 year, can offer VRS in 2nd

The new owners of Air India will have to retain all the employees of the national carrier for at least one year post which they can offer a VRS. The gratuity, pension fund and post retirement medical benefits of existing and past employees too would be honoured by the new owner, Civil Aviation Secretary Rajiv Bansal said. Tata Sons has emerged as the winning bidder for Air India with the government accepting its Rs 18,000 crore offer to acquire 100 per cent of the debt-laden state-run carrier. Briefing reporters, Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said the outstanding dues of employees of Rs 1,332 crore as per the report of Justice Dharmadhikari would be paid by the government. Air India has 12,085 employees - 8,084 permanent and 4,001 contractual. Besides, Air India Express has 1,434. In the next five years, about 5,000 permanent employees will be retiring, he said. Free travel by government employees on Air India flight will stop po

New dawn for Air India: Scindia on airline's sale to Tata Group

The Tata Group's bid of Rs 18,000 crore comprises taking over of Rs 15,300 crore of debt and paying the rest in cash

Tata Sons makes winning bid of Rs 18,000 cr for Air India: Govt

The bid got approved by a group of ministers headed by Home Minister Amit Shah on October 4, said DIPAM Secretary

Air India seeks transaction advisors for selling PF trusts securities

The Air India Employees Provident Fund trust and Indian Airlines Employees Provident Fund trust are governed by the Provident Fund Trust Act, 1925