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.
Air India sale: Aviation think tank Capa expects participation from global airlines for national carrier
Air India represents an attractive opportunity for investors if it is relieved of its working capital debt, which stands around Rs 30,000 crore
Air India has a total debt burden of around Rs 55,000 crore
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
ICPA warns Air India of strikes if any pilot is victimised by management over flying allowances issue
The flying allowance, which is around 70 percent of the total pay package, is paid to a pilot on the basis of the number of flight hours he or she has clocked in a month.
Air India privatisation: Govt to initiate disinvestment process in FY 2020, eyes around $1 billion from sale
Air India has a debt burden of Rs 55,000 crore
Snag in Air India software delays 23 flights countrywide, airline staff forced to manually check in passengers
Nearly two dozen Air India flights were delayed across its network including at Indira Gandhi International Airport of Delhi on Saturday after a technical glitch in the check-in software hampered operations, an airline spokesperson said.
Air India disinvestment: IndiGo, Qatar Airways consortium likely to table bid for the national carrier
A consortium of low-cost carrier IndiGo and Qatar’s national carrier, Qatar Airways is likely to make a bid for national carrier Air India
Potential bidders for Air India are cherry picking businesses to best suit their needs. This is because the huge debt is rendering the company as a whole unattractive.