Air India hedges 10,000 barrels of jet fuel for its aircraft

In a bid to slash costs, Air India has hedged 10,000 barrels of jet fuel for its aircraft this month, four weeks after its Board gave a nod to the move.

AI board meeting reviews financial, operational performance

The meeting was attended by five new part-time directors, who were appointed recently, apart from the national carrier's top management and Civil Aviation Ministry representatives, airline sources said.

Govt appoints 5 experts on AI Board to suggest cost-cutting

Government today appointed five experts from different fields as part-time Directors on the Air India Board, including IIM-Ahmedabad professor Ravindra H Dholakia who had headed a panel to suggest cost-cutting measures for the ailing national carrier.

AI Board approves hive-off plan of its engineer, ground handling services

The Air India Board, at a meeting here, approved a Rs 768- crore proposal to hive off engineering and ground handling services from January next year, sources close to the development said.

NRI businessman Yusafali quits Air India board

Leading Gulf-based NRI entrepreneur M A Yusafali has resigned from the director board of Air India, resenting the airline's 'failure' to serve the interests of thousands of Keralites working in the Gulf.

No AI bookings for west-bound flights till Thursday

On day seven of the agitation by over 200 pilots, 14 international flights were cancelled, bringing no end to the woes of the passengers.

Fly first, talks later: Govt to striking Air India pilots

As losses in the wake of the agitation by over 200 pilots of the Indian Pilots Guild crossed over Rs.150 crore, 14 international flights were cancelled, bringing no end to the woes of the passengers.

AI Board approves asset monetisation, endorses stand on pilots

Air India's Board Monday approved a plan to raise Rs 5,000 crore over 10 years by monetising its assets to repay loans extended to it by the government and it lenders.

Cash-strapped AI decides to sale, leaseback Dreamliners

The Air India Board has already decided to go for sale of these aircraft to a lesser and immediate leaseback.

Patel to meet PM to discuss probables for AI board

Civil Aviation Minister Praful Patel said he would meet the PM this week to discuss the probable names for the post of Independent Directors on the Air India board.