Page 97 - Air India

Tatas to go solo for Air India EoI, plan to co-opt Singapore Airlines later

If Air India comes into its fold, the combined market share of Tatas in India's domestic aviation market will be around 23 per cent - 10 per cent higher than SpiceJet.

Air India gets reprieve in UK court over aircraft lease payments

The Indian state-owned carrier has been seeking a buyer for some time now as the government wants to divest its 100 per cent stake in Air India

Air India divestment: Date for qualified bidders extended to January 5

The government said it will intimate qualified interested bidders of Air India on January 5 next year, instead of the earlier decided date of December 29, 2020

Go big or bow out: Tata at crossroads as airline biz reaches critical point

India has been trying unsuccessfully to sell its unprofitable national airline for years

Air India plans direct flight to US from Bengaluru and Hyderabad from Jan

These twice-a-week non-stop flights will be operated from Bengaluru to San Francisco (SFO), and from Hyderabad to Chicago

Two Air India SATS staff among 3 held for smuggling gold: Customs

Two Air India SATS (AI SATS) staff were among three people arrested by customs officials for allegedly smuggling in gold valued at Rs 72.5 lakh, according to an official statement

Prez boards Air India One-B777 aircraft for its inaugural flight to Chennai

President Ram Nath Kovind boarded the Air India One-B777 aircraft on Tuesday for its inaugural flight to Chennai, according to a Rashtrapati Bhavan statement

Buying jewel in the crown: BPCL a revenue churner, not a drain on finances

Unlike Air India, the winning bidder for BPCL can easily bank on this revenue churner to recover the cost of acquisition

Consider paying a month's salary to terminated pilots, HC tells Air India

The Delhi High Court on Monday asked Air India to consider paying at least one month's salaryto its pilots, engaged on contractual basis, whose services were suspended in April and later terminated in August, saying that employees cannot be left to hang high and dry. Justice Navin Chawla asked the counsel for national carrier Air India to take instructions on paying one month's salaryto the contractual pilots, who number around 61. The services of these pilots were terminated in August. The court also asked the airline to hear out the grievances of the pilots, who were engagedon contract after they superannuated, and to see whether something, like a "golden handshake", can be done for them. With the suggestions, the court listed the matter for hearing on December 16. The court was hearing two pleas moved on behalf of the terminated contractual pilots who have sought quashing of the April 2 order suspending their services and the subsequent order of August 7 by which they were all .

42 failed airlines and counting: Wait for vaccine crushes industry

A new wave of Covid-19 lockdowns combined with the usual winter slump in traffic will push more airlines toward the brink, says one analyst.

Hong Kong bans AI flights for 5th time as passengers test Covid-19 positive

Passengers from India can arrive in Hong Kong only if they have a COVID-19 negative certificate from a test done within 72 hours prior to the journey

Best of BS Opinion: Maharajah's airs and graces, stimulus package & more

Here's a selection of Business Standard opinion pieces for the day

Maharajah's airs and graces

Air India should be a little more sensitive to passenger reactions, civilised travelling norms and the need to give value for money charged

Air India to raise short-term loans of Rs 6,150 crore by month end

With finances stretched, the govt is not in a position to infuse cash into the airline, but will help the carrier to raise money through sovereign guarantee

Air India appoints new chiefs in three of its subsidiaries

The national carrier has appointed new heads at some of its subsidiaries

Air India bidding to be on enterprise value, deadline extended till Dec 14

Minister says says bidding will be completed by end of December, will attract parties who till now had constructed the debt amount as a minimum threshold bid amount.

Bidding for Air India to be done on enterprise value: Hardeep Singh Puri

Civil Aviation Minister Hardeep Singh Puri on Thursday said bidding for Air India would be done on the basis of its enterprise value instead of equity value

Govt may extend Air India bid deadline; investors to get debt flexibility

The government is likely to extend the deadline to bid for Air India till December 14 and also give flexibility to a potential investor to decide on the humongous debt with the national carrier

Air India Express reports highest ever net profit at Rs 412 crore

Air India's no-frills service subsidiary has been making profits continuously for the past five years and last year it made a net profit of Rs 169 crore

Air India sale on uncertain path, bidding likely to be deferred again

New global-standard bid conditions may still not yield optimum results for the government