air india - Latest News, Analysis, Opinion

Steel Secretary Pradip Kumar Tripathi has been appointed as the Secretary, Department of Personnel and Training (DoPT)

Govt Receives Financial Bids For Air India Disinvestment; Tatas Among Suitors

The government is seeking to sell 100 per cent of its stake in the state-owned national airline, including Air India's 100 per cent shareholding in AI Express Ltd and 50 per cent in Air India SATS Airport Services Private Ltd.

Tata, Ajay Singh Submit Bid For Air India

The bidding process for the sale of Air India is moving towards conclusion as its known now that Tata Sons and SpiceJet promoter Ajay Singh submitted their respective bids for the Air India sale on Wednesday.

Air India Flight With Union Minister Shobha Karandlaje Onboard Faces Technical Glitch

National

The flight, 9I 517, from Bengaluru to Hyderabad, which was scheduled to leave at 6:45 pm, faced a technical glitch, according to a statement issued by the minister's office.

Govt Sticks To Sep 15 Deadline For Putting Financial Bids For Air India

Economy

Salt-to-software conglomerate Tata Group was among the "multiple" entities that had put in preliminary bids for buying loss-making Air India in December last year.

Air India To Refund 250 Crores As Flight Cancelled Due To Pandemic.

National

Amid the ongoing pandemic, there has been a fluctuation of money and growth in large and small scale businesses. Going ahead a well-known airline Air India Also known as The national carrier has to refund Rs 250 crore to its customers due to the flight's cancellation during the pandemic.

Air India''s Indore-Dubai Flight Resumes After 17 Months

The flight, which was initially launched on July 15, 2019 on public demand, will give a boost to tourism and trade between central India and the UAE.

Resignation Ends Legal Relation With Pilots, Can't Be Withdrawn Later: Air India Tells HC

Economy

Air India has challenged the June 1 order of the single judge which had also ordered that back wages would have to be paid to the reinstated pilots.

Air India Has No Plans To Phase Out B747 Aircraft: Govt

In July last year, British Airways had announced that it will phase out its entire fleet of 31 B747 aircraft due to downturn in travel amid the COVID-19 pandemic.

Financial Bids For Air India Likely To Be Received By September 15: Minister

Of the airline's total debt of Rs 60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs 23,286.5 crore

After Air India, Cairn To Target More State Cos To Recover Money Due From Govt

Companies & Markets Sector Reports

Cairn challenged the move before an arbitration tribunal in The Hague, which in December awarded it USD 1.2 billion (over Rs 8,800 crore) plus costs and interest, which totals USD 1.725 million (Rs 12,600 crore) as of December 2020.

Air India Has Time Till Mid-July To Challenge Cairn Lawsuit

Air India is controlled by the Indian government so much that they are 'alter egos', Cairn had said in the lawsuit filed with the US District Court for the Southern District of New York.

Air India To Sell Real Estate Assets; May Garner Up To Rs 300 Cr

The government is in the process of deciding on the final contours for the disinvestment of loss-making Air India.

We Always Worry About How Rating Agencies Will React To A Large Stimulus--Omkar Goswami, Chairman, CERG Advisory

Manish Kumar Jha

Economy Policy

Omkar Goswami, noted economist & Chairman, CERG Advisory tells BW Businessworld’s Manish Kumar Jha that Indian economy must find its way into global trade. He says that while South-East Asian and East Asian countries were creating world-class exporting capacities and related infrastructure, we focused on import substitution. As we still do, for what else is ‘Atmanirbhar Bharat’, he asks. Excerpts of the interaction

CCI Closes Case Against Airlines On Fare Spike During 2016 Jat Stir; Finds No Price Parallelism