Latest News on National Carrier
Showing of 0 - 10 from 23 results
National Carrier - Total results - 23
Mar 16, 2019
Air India requests 'inactive' crew to join work immediately; airline has to reroute flights due to closure of Pakistan airspaceInactive crew members are employees of Air India who are on any kind of leave be it casual, medical or privilege
Mar 01, 2019
Cabinet approves creation of SPV for Air India divestment; govt to allocate additional Rs 2,600 cr in next fiscalThe 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.
Feb 13, 2019
ICPA warns Air India of strikes if any pilot is victimised by management over flying allowances issueThe 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.
Dec 06, 2018
Debt-laden Air India may approach Centre for financial help if airline fails to get Rs 500-cr bank loanThe cash-strapped Air India has been struggling to cut its costs and explore ways to enhance revenues for bringing down the debt burden.
Nov 29, 2018
Govt working on efforts to turn around AI; cost cutting, revenue augmentation measures to fetch Rs 2,000-cr benefitsThe ministry would monitor the implementation of the AI plan and then report to the AISAM.
Aug 22, 2018
Air India bailout: Govt turns down Rs 300 bn fund infusion proposal; efforts on to sell non-core assets, debt to SPVAir India's debt burden was more than Rs 48,000 crore at the end of March 2017.
Jul 31, 2018
Debt-ridden Air India expects to pay lenders, jet leasing firms in two weeks; eyes fresh capital from governmentThree banks and two aircraft leasing companies have reportedly served default notices on Air India over the past few weeks.
Jun 08, 2018
After Air India sale plan fails, national carrier seeks Rs 1,000 cr short-term loans to meet working capital needsAir India is inviting Rs 1,000 crore loan to be drawn in June in one or more tranches, according to the bid document
Jun 04, 2018
Air India disinvestment: After failed sale plan, national carrier seeks restoration of equity infusion from govtAir India which has a debt burden of about Rs 50,000 crore till March last year, had been receiving about Rs 3,000-4,000 crore equity infusion on an average per fiscal from the government till FY14
May 31, 2018
Air India sale: Divestment of national carrier fails to take off; exposes hurdles for Narendra Modi's disinvestment driveSelling the state carrier is key to Modi’s plans to divest assets and help keep the fiscal deficit at 3.3 percent of GDP, a goal already under pressure from giveaways to farmers and other welfare benefits ahead of a national election in 2019.