Minister Of-state-for-civil-aviation-jayant-sinha

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Minister Of-state-for-civil-aviation-jayant-sinha - Total results - 7
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 stake sale: Govt on 'wait and watch' mode for next three-four months, says union minister Nitin Gadkari
Business

Air India stake sale: Govt on 'wait and watch' mode for next three-four months, says union minister Nitin Gadkari

The government's proposed stake sale in Air India failed to attract any initial bidder when the deadline for bidding ended on 31 May

Air India's domestic, global operations to be sold together: Aviation minister Jayant Sinha
Business

Air India's domestic, global operations to be sold together: Aviation minister Jayant Sinha

On the disinvestment process, Jayant Sinha said the government is still in the process of identifying which subsidiaries of Air India should be offered separately.

Could be wise to write off some Air India debt: Outgoing NITI Aayog Vice Chairman Arvind Panagariya
Business

Could be wise to write off some Air India debt: Outgoing NITI Aayog Vice Chairman Arvind Panagariya

Following a suggestion by NITI Aayog, the government is endeavouring to privatise Air India

Why Air India going vegetarian-only is a sham: Data contradict every logic given by the airline
Business

Why Air India going vegetarian-only is a sham: Data contradict every logic given by the airline

Junior civil aviation minister told Lok Sabha that no directive has been given to Air India on whether to cut out non-vegetarian meals from domestic flights

Air India's net loss shrinks to Rs 3,643 cr, operating profit rises to Rs 300 cr in 2016-17
Business

Air India's net loss shrinks to Rs 3,643 cr, operating profit rises to Rs 300 cr in 2016-17

Citing provisional figures, Sinha said Air India's total debt stood at Rs 48,876.81 crore at the end of March 2017

Air India's debt pile: At Rs 6,000 cr interest outgo, balance sheet cleanup crucial for co's sale
Business

Air India's debt pile: At Rs 6,000 cr interest outgo, balance sheet cleanup crucial for co's sale

Air India has to pay about Rs 500 crore each month in interest or about Rs 16.5 crore each day of the year as interest outgo