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Air India crisis: Employees of ailing national carrier's ground-handling subsidiary likely to get December salaries by next week
Fp Staff • 5 years agoAir 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'
• 5 years agoAir 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
Fp Staff • 5 years agoRepresentatives 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
• 5 years agoAs 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 gets Rs 500-cr govt guarantee for fund raising; national carrier has received over Rs 30,520-cr equity infusion since FY12
Fp Staff • 5 years agoAir India's net loss in 2018-19 is provisionally estimated to be Rs 8,556.35 crore.
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
Fp Staff • 5 years agoPuri 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
Fp Staff • 5 years agoMinister 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
Fp Staff • 5 years agoAIAHL — 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 stake sale plan: Govt may take on burden of working capital debt to make offer attractive to buyer
Fp Staff • 5 years agoEfforts to sell 76% stake in Air India failed to take off in 2018
Air India Express posts Rs 169 cr profit in 2018-19 on higher utilisation of aircraft, manpower
• 6 years agoAir 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