Page 98 - Air India

Alliance Air makes first operating profit in 2020; net loss at Rs 201 crore

National carrier Air India's wholly-owned subsidiary Alliance Air on Thursday reported an operating profit of Rs 65.09 crore in FY20.

Govt may extend deadline for Air India bid to further sweeten deal

The submission of initial bid or expression of interest (EoI) may be extended by 45 days to two months to December

Air India privatisation: Bidding deadline likely to be extended to Dec 15

The government is likely to extend the deadline for submission of bids for privatisation of Air India yet another time till December 15

Govt working on letting Air India bidders decide on debt, says DIPAM Secy

The potential investors in Air India have given feedback that due to the uncertainty created by COVID-19 in the aviation sector the debt should not be fixed at the Expression of Interest (EoI) stage,

India likely to ease Air India offer, let suitors decide on taking debt

Current rules require bidders to take over the carrier's $3.3 billion of aircraft debt, deterring buyers

Hong Kong bars Air India, Vistara flights till October 30 after Covid cases

Hong Kong has banned Air India and Vistara flights from October 17 to 30 after a few passengers on their flights tested positive for Covid-19 post arrival, a senior government official said on Friday.

Top headlines: Bid norms eased for Air India; Centre to borrow Rs 1.1 trn

From Centre easing bidding norms for Air India's privatisation to Modi govt borrowing Rs 1.1 trillion for GST compensation to states, here are top headlines this morning

Air India privatisation: Govt to ease bidding norms to attract buyers

Govt set to allow prospective suitors to bid on enterprise value

Air India facing a very challenging financial situation: Hardeep Puri

Hardeep Puri has called Air India's LWP scheme a "win-win for employees and management", and pointed out that Air India has not laid off a single employee like international and domestic carriers

Air India to resume flights on Mumbai-Mangaluru-Mumbai route from Oct 12

Air India would resume direct flights on the Mumbai-Mangaluru-Mumbai sector from October 12, the airline said

Air India to operate additional flights from Delhi to Sydney from Oct 10

Air India on Wednesday announced that it will start operating additional flights from New Delhi to Sydney between October 10 and 14, amid the central government's 'Unlock 5' phase."Air India will operate additional flights from Delhi to Sydney between 10th & 14th October 2020," tweeted Air India.The airline mentioned that limited seats would be available due to the COVID-19 restrictions enforced by the Australian authorities."Limited seats available due to quarantine restrictions by Australian Authorities. Booking will open today at 1600 hrs (IST) through AI Website, Booking Offices and Call Centre," it said in the tweet.All scheduled commercial passenger flights were suspended in India on March 25 after the central government imposed a lockdown to contain the spread of COVID-19.Domestic flights in the country resumed operations from May 25 in a gradual manner.

India, Germany talks on resumption of passenger flights to be held on Oct 6

In response to queries sent by the PTI, the BMVI stated it and the Indian Ministry of Civil Aviation are "confirmed to hold bilateral talks on October 6 through video conference"

Air India cancels Frankfurt flights after Germany withdraws approval

The latest cancellations follow a disagreement between Indian and German governments over air traffic services between the two countries

AI cancels Frankfurt flights till Oct 14 after Germany withdraws permission

The government officials said Thursday the airline has cancelled 10 Delhi-Frankfurt flights and two Bengaluru-Frankfurt flights that were scheduled till October 14

Silver lining in a darkening sky

Confidence that aircraft can be safely boarded is slowly returning

Air India: US based fund in talks with banks, others to join the bid

The InvIT structure will help the fund to encourage institutional investors to participate in Air India's growth story once its privatisation is over

Six months after Covid-19 lockdown: Airlines, hotels try to journey back

Faced with their worst crisis and without any financial assistance from the government, the viability of the Indian aviation and tourism industry is in peril

Hong Kong bars Air India till Oct 3 after flyers test positive for Covid

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

Dubai bans Air India Express for 15 days for carrying Covid positive flyer

In August, Hong Kong had banned Air India for two weeks for a similar lapse

Air India to fetch better valuation if sold with zero debt, say bidders

Debt-free airline is a good opportunity to invest, say prospective buyers