Turnaround Plan

Budget 2016: FM gives ailing Air India a shot in the arm; allots Rs 1,713 crore

In 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.

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

Nearly every 4th Air India flight from four busy airports delayed in October

A 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.

Monetisation, fleet expansion targets missed: Air India wants turnaround plan corrected now

SBI 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.

Centre directs asks SBI Cap to review Air India's Turnaround Plan

Air 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.

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.