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Air India looks to vacate unused space at airports, save on rentals

Air India looks to vacate unused space at airports, save on rentals

Bansal said he is planning to vacate any extra space at airports that the airline might be holding up due to scrap.

Govt stimulus to boost economy in the works

Govt stimulus to boost economy in the works

Chief Economic Advisor Arvind Subramanian has been tasked with preparing details of the pressure points facing the economy and the probable remedies.

Air India plans to rationalise some routes

Air India plans to rationalise some routes

The disinvestment-bound national carrier is discussing the possible routes that can be rationalised starting from the winter schedule next month.

Government seeks advisers for Air India disinvestment

Government seeks advisers for Air India disinvestment

It is looking for reputed investment bankers, merchant bankers, financial institutions and banks for providing advisory services and managing the strategic disinvestment process.

Air India plans to take Rs 3,250 cr loans for 'urgent' capital needs

Air India plans to take Rs 3,250 cr loans for 'urgent' capital needs

In a tender document issued today, the carrier said it is "looking for government guarantee backed INR short-term loans totalling up to Rs 3,250 crore in the first phase to meet its urgent working capital requirements by September 25, 2017".

PAC members oppose Air India divestment

PAC members oppose Air India divestment

Approved by the previous UPA regime in 2012, the turnaround plan provides for equity infusion of Rs 30,231 crore up to 2021 into Air India subject to the carrier achieving certain milestones.

Before privatisation, clear our arrears: Air India pilots to govt

Before privatisation, clear our arrears: Air India pilots to govt

A union of Air India pilots on Wednesday asked the government to clear their salary arrears before the airline is privatised.

Over 130 pilots, 430 crew members of Air India likely to be grounded

Over 130 pilots, 430 crew members of Air India likely to be grounded

The Directorate General of Civil Aviation (DGCA) is likely to ground over 130 pilots and 430 cabin crew members of national carrier Air India for allegedly skipping the mandatory pre and post-flight alcohol test.

Air India receives good response to auction of 14 properties

Air India receives good response to auction of 14 properties

The airline is seeking to divest its non-core assets.

Indian mindset for ownership of Air India; in theory all open: Gajapathi Raju

Indian mindset for ownership of Air India; in theory all open: Gajapathi Raju

Civil Aviation Minister Ashok Gajapathi Raju on Thursday said the "Indian mindset" is to keep the ownership of Air India within the country but "theoretically everything is open", including allowing foreign bidders.

Bird Group says keen to buy Air India's ground handling unit

Bird Group says keen to buy Air India's ground handling unit

Bird Group handles ground services at several Indian airports and also operates hotels in the United Kingdom.

Arun Jaitley hints at expeditious decision on Air India stake sale

Arun Jaitley hints at expeditious decision on Air India stake sale

Finance Minister Arun Jaitley on Wednesday indicated that an expeditious decision would be taken on Air India disinvestment, with at least two parties having formally expressed interest in buying stake in the national carrier.

Rodent troubles cause Air India to delay flight with 200 passengers by 9 hours

Rodent troubles cause Air India to delay flight with 200 passengers by 9 hours

As per aviation regulator DGCA’s rules, crew members, that includes pilots, are not allowed to be on duty continuously beyond a stipulated number of hours.

Air India puts key properties for sale, aims to net at least Rs 500 crore

Air India puts key properties for sale, aims to net at least Rs 500 crore

Air India has put up for sale as many as 27 flats besides several residential and commercial land plots as well as office buildings across the country.

Air India chief Bansal vows to work with 'missionary zeal'

The state-owned airline, which has a debt burden of more than Rs 50,000 crore, has been in the red for long but managed to eke out operational profit for the first time in a decade in 2015-16.

Air India CMD Ashwani Lohani appointed new Railway Board chairman

Air India CMD Ashwani Lohani appointed new Railway Board chairman

Chairman and Managing Director (CMD) of Air India Ashwani Lohani has been appointed as the new chairman of the Railway Board.

Air India cabin crew arrested for hiding narcotic in plane's meal cart

Air India cabin crew arrested for hiding narcotic in plane's meal cart

A cabin crew member of national carrier Air India has been arrested by customs officers for allegedly trying to smuggle narcotic by hiding it in a meal service cart of a flight.

Air India to give priority boarding to armed forces personnel

Air India to give priority boarding to armed forces personnel

The decision has been taken as a mark of honour and respect to these personnel, on the occasion of the country's 71st Independence Day.

Chief Minister Mamata Banerjee's Kolkata-bound flight delayed following technical snag

Chief Minister Mamata Banerjee's Kolkata-bound flight delayed following technical snag

The flight AI-20 was scheduled to take off at 2.25 pm but took off only after 6 pm, following which an alternative flight was arranged.

 

Air India divestment announcement well thought out: Economic Survey

It is a major carrier of international traffic to and from India, accounting for 11.4 percent of the total international travel, it added.