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With lukewarm response from lenders, debt-laden Air India has extended the deadline for submitting bids for loans worth Rs 500 crore to meet "urgent working capital requirements". (Photo: AFP)

Air India awaits Rs 500 crore loans, extends deadline for bids

The initial deadline for submission of bids was October 10.

09 Oct 2018 5:34 PM

The government has been looking at ways, including sale of non-core assets, to bolster the carrier's fortunes. (Photo: File | AFP)

Govt to finalise Air India revival package in 10-15 days, says Choubey

Earlier this year, efforts for strategic disinvestment of the airline failed to take off.

05 Oct 2018 10:48 AM

A part of the dues is over evacuation flights, in which Air India has played a praiseworthy role, drawing the admiration of many countries during the Yemen crisis.(Representational Image)

Air India’s spirit lives, but still a burden

The professionalism of those who operate AI aircraft is also a source of eternal pride.

02 Oct 2018 12:15 AM

National carrier Air India on Monday sought bids for the sale of 14 properties, through which the debt-laden airline aims to raise Rs 250 crore, a senior airline official said.

Air India to sell 14 properties; eyes Rs 250 crore

The move is, however, being opposed by its employees' union.

01 Oct 2018 7:36 PM

Minister of State for Civil Aviation Jayant Sinha on Monday said that the revival package of debt-ridden Air India was at its final stage and would be announced soon.

Revival package of Air India in final stages, says Jayant Sinha

The revival package is being undertaken after the govt failed to divest the national carrier to private operators.

01 Oct 2018 5:37 PM

With 12 seats in first class, 26 in business and 385 in economy class, the 'Jumbo' plane will operate one flight per day each to Kolkata and Mumbai from New Delhi between October 16 and October 21, Air India said in a statement. (Photo: File | AFP)

Air India to fly double-decker ‘jumbo’ jets to Kolkata, Mumbai from New Delhi

Kolkata will be covered in the first phase and Mumbai in the second phase (November).

01 Oct 2018 1:02 PM

The total outstanding of cash-strapped Air India towards government for VVIP charter flights stands at Rs 1146.86 crore, according to the latest response from the national carrier to an RTI application.

Govt owes Air India over Rs 1146.86 crore for VVIP charter flights

Some of the oldest pending bills for the visits of the president, the vice president and the evacuation flights are nearly 10-year-old.

30 Sep 2018 3:51 PM

Generally, these planes are operated on international routes as well as for ferrying VVIPs.

Air India to fly Boeing 747 plane on domestic routes during Dusshera

The aircraft would be operated on Delhi-Kolkata-Delhi and Delhi-Mumbai-Delhi routes.

29 Sep 2018 10:15 AM

The government is working on restructuring national Air India's finances to ensure that the airline has "sustainable debt", Economic Affairs Secretary Subhash Chandra Garg said.

Govt working to restructure Air India's finances, says Garg

The debt burden of the national carrier is estimated to be more than Rs 50,000 crore.

26 Sep 2018 4:28 PM

Helped by lower fuel prices over the past few years and rising travel demand, Indian carriers are now ruling the international skies.

Indian airlines giving tough fight to foreign rivals

They now control 39.1 per cent of business, up from 37 per cent in 2014-15, according to latest DGCA trade numbers.

24 Sep 2018 12:55 PM

An Air India pilot has come under the lens of the airline's flight safety department for allegedly making a steep 10,000 feet descend while flying from Kuwait to Goa earlier this month, sources said.

Air India pilot under scanner for making steep 10,000 ft descend

The pilot himself had reported the matter to the airline.

23 Sep 2018 5:51 PM

The government plans to soon initiate the strategic sale process for at least four subsidiaries of loss-making Air India, including Airline Allied Services Ltd (AASL) and Hotel Corporation of India (HCI), according to officials.

Govt planning strategic sale of 4 Air India subsidiaries soon

Besides, plans are on the anvil for selling the headquarter building of Air India in the national capital.

16 Sep 2018 12:43 PM

The airline has so far in this fiscal received Rs 1,630 crore as equity infusion from the government. (Photo: File)

Air India to sell land, flats worth Rs 300 crore

The revival plan for Air India has been discussed at various levels of the government.

13 Sep 2018 9:27 AM

Almost 23 per cent of the Air India fleet is grounded for lack of spares.

Air India utilising just 21 of 27 Dreamliners for daily operations

Of the 27 planes, three are on ground due to want of spares, while three are being used on a rotational basis.

12 Sep 2018 10:37 AM

National carrier Air India is looking to raise Rs 500 crore through short-term borrowings to meet its working capital requirements.

Air India to raise Rs 500 crore via short-term borrowings

The tenure of the loan will be for one year (renewable) from the date of availing the STL.

07 Sep 2018 7:30 PM

A senior Air India official said the aircraft 'VT EXL landed on an under-construction runway at Male'. (Representational Image)

Air India plane with 136 on board lands on wrong runway in Maldives

The A320 neo plane was operating from Thiruvananthapuram to Male.

07 Sep 2018 7:14 PM

The government is mulling strategic sale of Air India subsidiary AIATSL to raise funds and help cut debt of the national carrier, according to official sources.

Govt working on strategic sale of Air India subsidiary AIATSL

Air India is reeling under a debt burden of Rs 48,000 crore.

07 Sep 2018 2:39 PM

The debt-ridden national carrier Air India on Monday has recieved Rs 2,100 crore from the government as guaranteed borrowing, said the Civil Aviation Ministry.

Air India gets Rs 2100 crore govt guaranteed borrowing: R N Choubey

The disinvestment plan of Air India was stalled, due to lack of interest shown by bidders.

04 Sep 2018 1:50 PM

Airlines have completely lost pricing power as a result of the rapid influx of capacity.

Indian airline losses could reach USD 1.9 billion this year: CAPA India

The loss forecast for the 12 months ending March 31 is up from an estimated $430 million to $460 million.

04 Sep 2018 9:26 AM

Air Corporation Employees Union (ACEU) has urged Air India management to reconsider its plans to sell the iconic Air India Tower at city's tony Nariman Point neighbourhood.

Employees Union seeks rethink on Air India's Nariman Point building sale

It has suggested that secured loans should be availed against the building.

03 Sep 2018 9:19 PM

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Syed Ata Hasnain