Latest News on Turnaround Plan
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Turnaround Plan - Total results - 10
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 19, 2018
Air India's balance sheet is splashed with red ink; if the govt won't sell the ailing carrier, it has to bear the crossAir India has logged losses for over a decade, has a debt of over Rs 50,000 crore and faces stiff competition from private airlines. What should the government's focus be?
Aug 10, 2017
Govt will continue to support Air India during stake sale process, assures Jayant SinhaDuring the disinvestment process, the govt would continue to support Air India as per approved turnaround plan, Sinha said
Jul 25, 2017
10 public sector banks have submitted turnaround plans, says govtQuarterly performance of these banks would be monitored by SBI Capital Markets
Feb 29, 2016
Budget 2016: FM gives ailing Air India a shot in the arm; allots Rs 1,713 croreIn the Union Budget for the 2016-17 financial year, presented by Finance Minister Arun Jaitley in Lok Sabha on Monday, the Government-run carrier has been allocated Rs 1,713 crore as part of the Rs 30,0231 crore financial bailout package.
Dec 09, 2015
Govt has pumped in Rs 22,280 cr of taxpayer money into Air India, but where is the plan to disinvest?Of the Rs 30,000 crore planned to be spend on Air India's turnaround plan over a 10-year period, over 70% of the promised support been given in first three-and-a-half years itself
Nov 20, 2015
Nearly every 4th Air India flight from four busy airports delayed in OctoberA further analysis of on-time performance shows the national carrier, which is holding up because of a Rs 30,000 crore bailout package from the government, could not fly 42.5 percent flights or about four in every 10 from Mumbai airport on time in October.
Aug 04, 2015
Monetisation, fleet expansion targets missed: Air India wants turnaround plan corrected nowSBI Caps, which had devised the initial TAP, has again been tasked with the mid-term correction and is expected to revert with a new plan in a month or two.
Jun 04, 2015
Centre directs asks SBI Cap to review Air India's Turnaround PlanAir India has reported losses to the tune of Rs 5,389 crore and Rs 5,490 crore respectively in the fiscal 2013-14 and 2012-13 respectively.
Oct 12, 2012
Air India to shift base to Delhi as part of 'Turnaround Plan'Air India would shift its headquarters from Mumbai to Delhi as part of its Turnaround Plan, but no date has yet been finalised, official sources said today.