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
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