Aiesl

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Aiesl - Total results - 6
What an Air India buyer will get: Debt, old aircraft, little-used Star Alliance creds and lots of extra employees
Business

What an Air India buyer will get: Debt, old aircraft, little-used Star Alliance creds and lots of extra employees

Only recently has Air India moved to the sale and leaseback model with their Boeing 787 purchases, and Air India’s newest A320neo aircraft, all 27 of them are on a lease.

Weeks after calling Air India's financial situation untenable, CMD Ashwani Lohani calls rumours of shutdown 'baseless'
India

Weeks after calling Air India's financial situation untenable, CMD Ashwani Lohani calls rumours of shutdown 'baseless'

Air India chief Ashwani Lohani on Saturday said that "rumours" of the disinvestment-bound airline's shutdown are "all baseless", weeks after he told the Civil Aviation Ministry that the carrier's financial situation was "grossly untenable" for sustaining operations.

As PMO wants quick disinvestment of its subsidiaries, Air India asked to prepare FY19 financials
Business

As PMO wants quick disinvestment of its subsidiaries, Air India asked to prepare FY19 financials

After a botched attempt to sell Air India in May last year, a panel led by Arun Jaitley had decided in June to scrap the stake-sale plan for the time being

Cabinet approves creation of SPV for Air India divestment; govt to allocate additional Rs 2,600 cr in next fiscal
Business

Cabinet approves creation of SPV for Air India divestment; govt to allocate additional Rs 2,600 cr in next fiscal

The government has been working on ways to revive the fortunes of Air India, which is estimated to have a debt burden of Rs 55,000 crore.

Air India plans to sell four subsidiaries; headquarter building in Delhi, other land assets
Business

Air India plans to sell four subsidiaries; headquarter building in Delhi, other land assets

Air India, which has been in the red for long, had a debt burden of Rs 48,000 crore at the end of March 2017.

Air India sale: With a likely profit of Rs 297 cr, AI Express only shining star among subsidiaries
Business

Air India sale: With a likely profit of Rs 297 cr, AI Express only shining star among subsidiaries

Hotel Corporation of India, AI Engineering Services and Alliance Air remained loss making in 2016-17, according to estimates submitted in Parliament on Thursday