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AI unions oppose Govt move to hive off MRO, engineering units

Last Updated: Friday, April 13, 2012, 16:03

A section of the Air India (AI) unions, which is opposed to the hiving off the MRO (maintenance, repair and overhaul) and engineering entities into two subsidiaries of the cash-starved flag carrier, on Friday said they will meet next week to chart out their future strategy.

Aviation stocks reverse early gains; close 2-3% down

Last Updated: Thursday, April 12, 2012, 19:06

Aviation stocks pared early gains and closed with 2-3 percent losses on Thursday as investors were disappointed that proposal to allow foreign airlines to buy up to 49 percent stake in Indian carriers was again deferred.

Air India to get Rs.30,000 crore equity over 9 years

Last Updated: Thursday, April 12, 2012, 17:00

Giving a major boost to cash- strapped Air India, Government on Thursday announced a turnaround package with a Rs.30,000 crore equity infusion over a nine- year period and induction of 27 Boeing 787 Dreamliners.

Cabinet approves AI restructuring, FDI in aviation deferred

Last Updated: Thursday, April 12, 2012, 09:18

In a big boost to ailing Air India, the government on Thursday approved a turnaround plan (TAP) to restructure the operations and the finances of the cash- strapped carrier, including infusion of additional equity.