Govt working on efforts to turn around AI; cost cutting, revenue augmentation measures to fetch Rs 2,000-cr benefits
The ministry would monitor the implementation of the AI plan and then report to the AISAM.
Air India bailout: Govt turns down Rs 300 bn fund infusion proposal; efforts on to sell non-core assets, debt to SPV
Air India's debt burden was more than Rs 48,000 crore at the end of March 2017.
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.
After Air India sale plan fails, national carrier seeks Rs 1,000 cr short-term loans to meet working capital needs
Air India is inviting Rs 1,000 crore loan to be drawn in June in one or more tranches, according to the bid document
Air India disinvestment: After failed sale plan, national carrier seeks restoration of equity infusion from govt
Air 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
Air India sale: Divestment of national carrier fails to take off; exposes hurdles for Narendra Modi's disinvestment drive
Selling 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.
Air India disinvestment: Govt may not sell ailing national carrier if it does not get 'adequate' price, says aviation secretary
While the deadline for submission of Expression of Interest (EoI) in Air India ends on 31 May, the secretary said the Request for Proposal could be issued after 15 June.
Air India disinvestment: Mohan Bhagwat getting emotionally chauvinistic about ailing carrier doesn't bode well for its future
You do not have to be an economist to know that the only way to save Air India is to pull it out of the clutches of the government which throttled the carrier ever since that black day when Morarji Desai dumped JRD Tata and ordered Air Chief Marshal PC Lal to take over
Air India privatisation: Govt to expedite national carrier's disinvestment, says civil aviation secretary
Last year in June, the Union Cabinet had approved privatisation of the debt-laden national carrier, which is staying afloat on taxpayers' money.
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
Air India's decision to stop serving non-vegetarian meals in economy class reinforces bias against cattle class
Without hard numbers it is difficult to contest Air India’s decision, however, one can be certain that it reinforces the class bias already in the minds of some higher class flyers.
India is considering selling state-owned Air India in parts to make it attractive to potential buyers.
Air India is looking to significantly expand its operations in the US.
Loss-making Air India, surviving on taxpayers' money, is facing tough business conditions amid stiff competition.
Arun Jaitley for Air India sell-off, says private airlines can handle entire market, no need for state-run co
Air India's market share today is around 14 percent, while the debt is Rs 50,000 crore
In a shocking case of insensitivity, a video, that created much buzz on social media, showed the insensitivity of Air India officials who refused to let passengers fly because they were 5 minutes late for their check-in.
Air India in an unprecedented move is going straight to heart of the problem and will start fining its staff who are found to be causing flight delays.
Privatisation may not be the only solution to Air India's woes but at present, it seems to be the only viable one.
The asset monetisation plan may have to be placed on the back burner as the airline seems to have misplaced registration papers for at least 20 percent of its properties that were to be put on the block