National Carrier

Showing of 1 - 20 from 39 results
National Carrier - Total results - 39
Air India privatisation: Govt permits NRIs to own up to 100% stake in ailing national carrier; measure not in violation of SOEC norms
Business

Air India privatisation: Govt permits NRIs to own up to 100% stake in ailing national carrier; measure not in violation of SOEC norms

Allowing 100 percent investment by NRIs in the crisis-hit Air India would also not be in violation of Substantial Ownership and Effective Control (SOEC) norms.

Air India sale: Govt's proposed deal to sell national airline sweeter than expected; buyer can recover investment, say analysts
Business

Air India sale: Govt's proposed deal to sell national airline sweeter than expected; buyer can recover investment, say analysts

Given the number of aircraft owned by Air India and its low-cost subsidiary Air India Express, a buyer can recover a major portion of the investment by adopting sale and lease back of airplanes

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.

Air India crisis: Employees of ailing national carrier's ground-handling subsidiary likely to get December salaries by next week
Business

Air India crisis: Employees of ailing national carrier's ground-handling subsidiary likely to get December salaries by next week

Air India Chairman and Managing Director Ashwani Lohani had on 4 January said that "rumours" of the disinvestment-bound airline's shutdown are "all baseless".

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.

Air India privatisation: IndiGo, Etihad show interest in ailing national carrier; govt likely to come up with EoI next month
Business

Air India privatisation: IndiGo, Etihad show interest in ailing national carrier; govt likely to come up with EoI next month

Representatives from these companies (IndiGo and Etihad) have met government officials and, unofficially, shown interest in the national carrier.

Air India crisis: Without a buyer, struggling national carrier might be forced to shut down in six months, says official
Business

Air India crisis: Without a buyer, struggling national carrier might be forced to shut down in six months, says official

As per the government, it has infused funds to the tune of Rs 30,520.21 crore in Air India from financial year 2011-12 till December this year.

Air India posts highest-ever net loss of Rs 8,556 cr in 2018-19; receives Rs 30,520-cr equity infusion from FY'12
Business

Air India posts highest-ever net loss of Rs 8,556 cr in 2018-19; receives Rs 30,520-cr equity infusion from FY'12

Puri said that the crisis-hit Air India has received an equity infusion of Rs 30,520.21 crore from financial year 2011-12 till date.

Air India privatisation: Over 11,000 staff of national carrier to get one-year job guarantee; govt says employees' interest to be protected
Business

Air India privatisation: Over 11,000 staff of national carrier to get one-year job guarantee; govt says employees' interest to be protected

Minister of Civil Aviation Hardeep Singh Puri also said that the government would secure a fair deal for all of Air India employees.

Finance ministry may not infuse any additional funds into Air India this financial year; Rs 2,600 cr to be used to pay off interest
Business

Finance ministry may not infuse any additional funds into Air India this financial year; Rs 2,600 cr to be used to pay off interest

AIAHL — the special purpose vehicle of Air India — mopped up Rs 7,000 crore through bonds on Monday and the issue was oversubscribed more than 20 times.

Air India Express posts Rs 169 cr profit in 2018-19 on higher utilisation of aircraft, manpower
Business

Air India Express posts Rs 169 cr profit in 2018-19 on higher utilisation of aircraft, manpower

Air India Express on Tuesday reported a net profit of Rs 169 crore in the year ended March 2019 as higher utilisation of aircraft and manpower helped the low-cost carrier

Air India divestment: Govt likely to sell full stake in national carrier; lukewarm response to airline's realty assets sale bid
Business

Air India divestment: Govt likely to sell full stake in national carrier; lukewarm response to airline's realty assets sale bid

The government may not hold any residual stake in Air India keeping in view the last year's unsuccessful privatisation bid.

Air India announces 'hefty discounts' on last-minute bookings, offer comes as a big respite to passengers
Business

Air India announces 'hefty discounts' on last-minute bookings, offer comes as a big respite to passengers

Air India has decided to sell the very last minutes inventory within three hours of departure at a "hefty discount," the airline said in a statement, without quantifying the discount.

Air India requests 'inactive' crew to join work immediately; airline has to reroute flights due to closure of Pakistan airspace
Business

Air India requests 'inactive' crew to join work immediately; airline has to reroute flights due to closure of Pakistan airspace

Inactive crew members are employees of Air India who are on any kind of leave be it casual, medical or privilege

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.

ICPA warns Air India of strikes if any pilot is victimised by management over flying allowances issue
Business

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.

Debt-laden Air India may approach Centre for financial help if airline fails to get Rs 500-cr bank loan
Business

Debt-laden Air India may approach Centre for financial help if airline fails to get Rs 500-cr bank loan

The cash-strapped Air India has been struggling to cut its costs and explore ways to enhance revenues for bringing down the debt burden.