Air-India
ED hits ailing Air India with cases of money laundering
22 Oct 2018
The CAG had also in 2011 flagged concerns over Air India’s decision to order 111 airplanes - 48 from Airbus and 68 from Boeing - for AI and Indian Airlines for about Rs70,000 crore in 2006, only to be leased out and the surrender of profitable routes
With no buyers in sight, Centre mulling Rs11,000 cr bailout for Air India
08 Aug 2018
The civil aviation ministry is reported to be in discussions with the finance ministry for a Rs11,000-crore bailout package for Air India, aimed at cleaning up its balance sheet and making it more attractive for privatisation
Air India served default notices by banks, aircraft lessors
30 Jul 2018
At least three lenders and two aircraft leasing firms, including US-based Wells Fargo Trust Services and UAE’s Dubai Aerospace Enterprise, are reported to have issued notices to the airline after the debt-laden national carrier missed out on payment of dues in time
Air India targets big boost to revenue with revamped business
23 Jun 2018
With a newly-launched premium class, new uniforms for crew and new exotic cuisine, the airline is expecting to boost its revenue by around Rs2.5 crore on a daily basis to Rs6.5 crore per day
Govt puts off Air India stake sale plan
19 Jun 2018
The government is now looking at turning around Air India to ensure that it makes profits on overall basis before going in for a listing, as is required under Sebi listing norms
Air India may turn to the public to save divestment plan: report
11 Jun 2018
After an aborted divestment plan, the state-run airline is looking at various options, including a public float to sell most of the company’s equity to the larger public, even as it sought short-term fund infusion
Air India finds no takers, but govt expects a last hour rush
31 May 2018
If a bidder does not step in, further decisions on the sale of AI will be taken by a group of ministers, formed to divest the airline, who will have to plan afresh to find an investor
Naresh Goyal changes Jet’s stance, says he is open to Air India deal
19 May 2018
Jet Airways had earlier ruled out participating in the Air India divestment, and chairman Naresh Goyal’s changed attitude reflects the hope that the government may ease the terms and conditions of a stake sale
Air India deal for 111 jets under ED scrutiny
14 May 2018
The Enforcement Directorate has started scrutining alleged irregularities in the procurement of aircraft and the surrender of profit-making routes to private airlines
Divestment-bound Air India adding around 270 co-pilots: report
30 Apr 2018
Air India’s staff cost in 2016-17 was Rs2,841.48 crore, which translates to an average employee cost of Rs21 lakh per annum, and a current debt of over Rs50,000 crore
Government proposes holding company for Air India post sale
23 Apr 2018
While a successful bidder will be allowed to bring synergy between Air India and the bidder’s own airline, it potentially excludes a merger of operations with a group's existing brands
No takers for Air India as Tatas decide to opt out
11 Apr 2018
The Tata Group is unlikely to consider a bid for the national carrier as the terms are too onerous, a report says. With Jet Airways and IndiGo no longer in the running, it seems no one wants to be part of an airline where the government insists on holding a stake
Swiss aviation firm shows interest in bidding for Air India
09 Apr 2018
Aviation advisory firm Swiss Aviation Consulting (SAC) has reportedly shown interest in bidding for India’s national carrier, but experts say it does not look serious as the firm may only be scouting for clients
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