Wide Body-planes

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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.

Aero India 2019: Airbus sees market for wide-body jets in India’s budget carriers on expanding international operations
Business

Aero India 2019: Airbus sees market for wide-body jets in India’s budget carriers on expanding international operations

With Indian airlines expanding international operations, the A330neo is the next natural step for growth, Joost van der Heijden, Airbus head of marketing for Asia and North America, said.

Air India revives plans to raise Rs 500 cr via short-term loans; to mop up Rs 6,100 cr from aircraft sale and lease back
Business

Air India revives plans to raise Rs 500 cr via short-term loans; to mop up Rs 6,100 cr from aircraft sale and lease back

In September, Air India had invited bids for raising Rs 500 crore through STL to meet its working capital requirements with 10 September as the deadline for submission of bids.