June 22, 2018 10:10 PM IST
The launch of the revamped service, along with new uniforms for the crew and cuisine, came in an eventful week when the government decided to put the breaks, for now, on the disinvestment plans for the loss-making State-run carrier.
June 20, 2018 04:44 PM IST
Air India has six subsidiaries three of which are loss-making with assets worth about $4.6 billion. It has an estimated $1.24 billion worth of real estate, including two hotels, where ownership is split among various government entities.
June 20, 2018 04:24 PM IST
No government would want to make the wrong kind of headlines in an election year but this is not the only reason why Air India's disinvestment has been shelved. Here are the reasons why the likely investors stayed away from bidding, forcing the Modi Government to call off its ambitious stake sale
June 20, 2018 01:28 PM IST
Some banks have recalled Rs 1,000-crore loan that the carrier requires to pay its employees.
June 19, 2018 01:40 PM IST
The decision was taken at the high level meeting convened by Union Minister Arun Jaitley yesterday.
June 19, 2018 11:20 AM IST
The meeting was attended by Piyush Goyal, who has been temporarily given the charge of finance ministry, Civil Aviation Minister Suresh Prabhu, Transport Minister Nitin Gadkari and other senior officials.
June 18, 2018 06:20 PM IST
The meeting was attended by Piyush Goyal, who has been temporarily given the charge of finance ministry, Civil Aviation Minister Suresh Prabhu, Transport Minister Nitin Gadkari and other senior officials.
June 18, 2018 03:34 PM IST
Just to give an idea, the amount is just half of the monthly salary paid out to its 21,000 workers
June 18, 2018 03:03 PM IST
Earlier in September 2016, Air India had placed an order with KVIC for supplying 5.75 lakh pieces of Khadi soap cakes.
June 13, 2018 04:16 PM IST
India's government is open to listing ailing state carrier Air India, a government source said on Wednesday, after failing to attract buyers for a 76 percent stake in the company.
June 11, 2018 09:38 PM IST
"When the market is totally confused about the objective of the government, nobody is going to bid... I think the Government was totally confused about what it wanted to do. "First it must sort out its mind before it attempts to tackle the Air India problem,"
June 08, 2018 08:35 PM IST
Cash-strapped Air India's employees will have to wait at least till June 15 for their May salaries.
June 08, 2018 03:43 PM IST
The government has decided to resume the equity infusion into the ailing flag carrier, which it had stopped after deciding to sell the airline.
June 07, 2018 09:13 PM IST
"There are several alternatives before Air India. All alternatives will be discussed by the group and (they will) decide the best possible alternative in the given situation," he said.
June 07, 2018 05:14 PM IST
The civil aviation ministry is now gathering inputs from the transaction advisor to understand the reasons on the failure to attract bidders.
June 06, 2018 08:53 PM IST
State-run Air India today said it has revised the excess baggage charges by Rs 100 per kg to Rs 500 for domestic travels from June 11.
June 05, 2018 07:55 AM IST
Rather than being dissuaded for its failure to get a bidder, the government should pursue divestment with "even greater determination" because the "alternative could be far worse", the Sydney-based Centre for Asia Pacific Aviation (CAPA) said.
June 04, 2018 05:44 PM IST
The flight managed to land at the scheduled time of 4:15 a.m., and all the passengers were reported to be safe and unharmed.
June 04, 2018 02:36 PM IST
According to a WCD ministry official, Maneka Gandhi has also taken up the matter with Civil Aviation Minister Suresh Prabhu.
June 03, 2018 10:20 AM IST
The iconic first flight, on a Super Constellation aircraft, took off from Mumbai on June 8 and landed in London via Cairo and Geneva on June 10, 1948, with just 42 passengers on board, including some Indian 'Nawabs' (noblemen) and 'Maharajas' (kings).
June 01, 2018 06:32 PM IST
The Indian aviation market is extremely competitive with little room for passing on higher crude oil prices.
June 01, 2018 01:54 PM IST
The tractors-to-technology tycoon, laid out a 5-point plan on how the government could do a better job of selling the airline
June 01, 2018 08:03 AM IST
Senior party leader Manish Tewari, who has been quite critical of the disinvestment process right from the time the airline came out with the preliminary information memorandum for the stake sale in March this year, said the government should hand over the national carrier to the employees cooperative.
May 31, 2018 06:04 PM IST
The outcome comes as little surprise as the government had bundled the sale of its 76 percent stake with sale of Air India’s stake in some of its subsidiaries
May 31, 2018 01:44 PM IST
The deadline for submitting Expression of Interest (EoI) for 76 per cent stake in the debt-laden Air India is ending today.
