Air India-bailout-package

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Air India-bailout-package - Total results - 11
For second month in a row, Air India delays salaries; payment under 'process' says national carrier
Business

For second month in a row, Air India delays salaries; payment under 'process' says national carrier

Air India's union representing narrow-body pilots had last month claimed that a majority of its members were defaulting on their bank loans and other financial commitments due to the salary delays.

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.

Civil aviation ministry, finance ministry mull Rs 11,000 crore bailout package for ailing Air India
Business

Civil aviation ministry, finance ministry mull Rs 11,000 crore bailout package for ailing Air India

In the current financial year, Air India has received an equity infusion of Rs 650 crore up to June

Debt-ridden Air India expects to pay lenders, jet leasing firms in two weeks; eyes fresh capital from government
Business

Debt-ridden Air India expects to pay lenders, jet leasing firms in two weeks; eyes fresh capital from government

Three banks and two aircraft leasing companies have reportedly served default notices on Air India over the past few weeks.

Air India disinvestment: Govt to split national carrier into 4 entities before sale
Business

Air India disinvestment: Govt to split national carrier into 4 entities before sale

Air India would be divided into core airline business, regional arm, ground handling and engineering operations

Air India disinvestment: Govt exploring options of absorbing employees in PSUs
Business

Air India disinvestment: Govt exploring options of absorbing employees in PSUs

Air India, estimated to have a debt burden of more than Rs 50,000 crore, is staying afloat on taxpayers' money and the divestment plan is aimed at reviving the airline's fortunes.

Postponing Air India divestment by 5 years will further erode its value, says CAPA
Business

Postponing Air India divestment by 5 years will further erode its value, says CAPA

Privatisation of the Air India should in fact be "fast- tracked" to maximise investor interest and value for the government, the think tank suggested

Air India privatisation can bring the national carrier back to its past glory: Manoj Sinha
Business

Air India privatisation can bring the national carrier back to its past glory: Manoj Sinha

To revive the loss-making national carrier, government is working on modalities for Air India's strategic disinvestment

Govt does not want Air India to go defunct like Kingfisher Airlines, says Ashok Gajapathi Raju
Business

Govt does not want Air India to go defunct like Kingfisher Airlines, says Ashok Gajapathi Raju

Air India has a debt of more than Rs 52,000 crore and is surviving on a Rs 30,000 crore bailout package extended by UPA govt in 2012

Pradeep Singh Kharola appointed new CMD of Air India amid divestment talks of ailing carrier
Business

Pradeep Singh Kharola appointed new CMD of Air India amid divestment talks of ailing carrier

Pradeep Singh Kharola would replace Rajiv Bansal who has been serving as interim CMD of Air India for a little over three months

Air India stake sale will be 'very, very difficult' says Arvind Panagariya
Business

Air India stake sale will be 'very, very difficult' says Arvind Panagariya

Loss-making Air India, surviving on taxpayers' money, is facing tough business conditions amid stiff competition.