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Air India seeks bridge loan of $500 million

Last Updated: Thursday, April 17, 2014, 22:14

National carrier Air India is seeking a 'bridge loan' of up to USD 500 million for taking delivery of four Boeing 787 Dreamliner aircraft from an ongoing order, according to a tender document on the airline's website.

Air India to sell three Boeing 777s

Last Updated: Thursday, April 17, 2014, 20:39

Air India today declared its intent to sell three of its Boeing 777s for mopping up resources to stem its liabilities, barely four months after selling five of these planes to Gulf carrier Etihad Airways.

Air India to sell three Boeing 777s

Last Updated: Thursday, April 17, 2014, 19:04

Air India Thursday declared its intent to sell three of its Boeing 777s for mopping up resources to stem its liabilities, barely four months after selling five of these planes to Gulf carrier Etihad Airways.

BOI loans $200 mn to AI for purchase of 3 Dreamliners

Last Updated: Sunday, April 13, 2014, 11:56

BoI has given a stand-alone loan of USD 200 million for three of these airplanes, the sources said, adding that BoI and the State Bank of India have earlier taken a share of financing aircraft purchase.

Venkaiah goes through yet another emergency landing situation

Last Updated: Saturday, April 12, 2014, 20:07

Venkaiah Naidu, the senior BJP leader, is a veteran of emergency landings.

Trouble brewing again in Air India over pilots' pay cut

Last Updated: Tuesday, April 08, 2014, 23:06

Trouble is again brewing in Air India ahead of the upcoming busy holiday season, with a section of pilots resenting a proposed 15 percent cut in their allowances, saying such a reduction would place their pay packets below what was prevailing in the market.

Staff apathy, ticketing goof-up strands 25 AI passengers

Last Updated: Friday, April 04, 2014, 02:17

Some clerical goof-ups at the ticketing level and by the ground staff of the national carrier Air India have left 25 Delhi-bound passengers, including two women and a child, stranded at the city airport tonight.

Air India, IndiGo, GoAir join latest war over airfares

Last Updated: Thursday, April 03, 2014, 21:15

It's bonanza time for air travellers, with Air India, IndiGo and GoAir on Thursday joining the latest war over airfares, launched by SpiceJet which had earned the wrath of DGCA for offering one rupee air fares two days ago.

AI to raise Rs 300 cr bank loan to pay for 3 Dreamliners

Last Updated: Thursday, April 03, 2014, 18:20

AI is required to pay 10 percent of the gross cost of the aircraft as advance payment 12 months prior to the delivery.

AI to soon conclude lease of five Airbus A-320 planes

Last Updated: Wednesday, April 02, 2014, 19:24

The national carrier's capacity is expected to grow by 9.2 percent with the addition of six more Boeing 787 Dreamliners to the fleet, they said. As of February this year, the airline has 13 Dreamliners in its fleet out of a total order of 27.

Significant improvements in Air India's performance parameters

Last Updated: Tuesday, April 01, 2014, 22:01

Air India was also able to reduce its operating losses by 44 percent to Rs 2,100 crore compared to Rs 3,800 crore in 2012-13, the estimates drawn up for the financial year's closure showed.

Air India plane to Kabul diverted back to New Delhi

Last Updated: Saturday, March 29, 2014, 21:28

An Air India plane to Kabul was on Saturday diverted back to Delhi after Afghanistan`s main airport was closed because of possible dangers to aircraft in the wake of a Taliban attack on the country`s Election Commission headquarters nearby.