Air India | The Asian Age

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The airline expects the two banks to disburse the amount by next week, a source close to the development.

Air India ties up with PNB, IndusInd for Rs 3,250 crore loan

CCEA had given in-principle approval for strategic disinvestment of Air India and five of its subsidiaries.

27 Sep 2017 5:52 PM

Air India plans to vacate unused hangar space at some airports and sell the scrap lying there to cut costs, CMD Rajiv Bansal has said.

Air India to vacate hangar space, rationalise some Gulf routes to cut losses

The airline has a debt burden of more than Rs. 50,000 crore and is grappling with tough financial situation.

24 Sep 2017 4:15 PM

Air India has a debt burden of more than Rs 50,000 crore and has is also planning to take short term loans worth up to Rs 3,250 crore to meet working capital requirements.

Govt seeks asset valuer for Air India stake sale

Govt had earlier called for applications for a legal advisor and up to two transactional advisors.

23 Sep 2017 12:32 PM

The Air India CMD also said that he is aiming for an OTP percentage of at least 90 and that the OTP percentage has shown an increase of about five per cent recently from about 76 per cent to about 81 per cent.

On-time flights key priority: Air India chief

Air India CMD said that he was also focusing on excellent customer service by airline crew towards passengers.

18 Sep 2017 2:28 AM

Air India has been kept afloat on a bailout package of Rs 30,000 crore. (Photo: File)

Air India starts direct flight to Copenhagen

National carrier has been expanding its international operations and has started services to overseas destinations.

16 Sep 2017 3:43 PM

Government gave the green light to sell Air India, which has struggled under losses and its debts in June.

India invites bids to appoint banks, lawyers for Air India sale

Interested investment banks and law firms have until October 12 to pitch for their role in the privatisation.

14 Sep 2017 1:10 PM

New rules will be applicable to foreign carriers as well. (Photo: Facebook)

India bars 'unruly' passengers from flying for three months to over two years

Concept of no-fly is based on safety of other passengers, crew and the aircraft, and not just on the security threat.

08 Sep 2017 2:48 PM

IndiGo is owned by InterGlobe Aviation Ltd.

IndiGo may buy stake in Jet Airways as it dreams big

IndiGo wants to be an India-based airline with significant international presence.

06 Sep 2017 4:29 PM

Air India is living on a bailout package of Rs 30,000 crore.

Air India says following DGCA rules over breath anaylser test for pilots

Reports said DGCA was considering action against 132 pilots and 434 cabin crew of Air India.

06 Sep 2017 1:02 PM

Air India. (Photo: Representational Image/File)

Over 130 pilots, 430 crew members of Air India likely to be grounded

These crew members have regularly been evading the breath analyser test over a period of time for flights to and from certain destinations.

05 Sep 2017 4:30 PM

The government has decided to appoint transaction advisers for Air India disinvestment.

Govt to hire transaction advisers for Air India disinvestment

At least two parties -- IndiGo and Bird Group – have formally evinced interest in Air India disinvestment.

31 Aug 2017 9:42 AM

Air India has landed a new bidder called Bird Group for acquiring one of its subsidiaries.

Bird Group expresses interest in acquiring AI subsidiary

The Union Cabinet had earlier given 'in-principle' approval for the disinvestment of the national carrier.

30 Aug 2017 10:01 PM

Rajiv Bansal is the interim CMD of Air India and government will soon appoint a 'regular person' as the new head of the national carrier.

Air India to get 'regular person' as CMD, Bansal to serve as interim head

Rajiv Bansal was appointed as the interim CMD of Air India after Ashwani Lohani joined the Railway Board.

30 Aug 2017 7:05 PM

Air India has a debt burden of about Rs 50,000 crore and a large part of it is due to the loans taken (about Rs 22,500 crore) for acquisition of a total of 111 aircraft in 2005-06.

No foreign owners for Air India

Despite the fact that AI had reported an operating profit of Rs 105 crore in 2015-16, the Centre feels the debts continue to be insurmountable.

29 Aug 2017 2:26 AM

“When I said that I had never taken a loan from the finance company, the caller started speaking in a dirty language and threatened to kill me.”

Loan goons threaten Air India employee

In an FIR, the woman said on Thursday afternoon, she received a call from a mobile number.

28 Aug 2017 3:37 AM

File image of an Air India aircraft before take off.

AI pilot aborts takeoff, saves passengers in nick of time

he passengers were disembarked and managed to continue the journey four hours later in a different aircraft.

27 Aug 2017 1:50 AM

Air India has put up for sale as many as 27 flats across the country as part of its snail-paced asset monetisation plan.

Air India posts key properties for sale, aims to mop up Rs 500 crore

This asset monetisation plan comes in the light of the Cabinet's in-principle approval for Air India's divestment.

24 Aug 2017 7:25 PM

Rajiv Bansal is the Air India CMD. Photo: ONGC website

Rajiv Bansal takes charge as new Air India CMD

Bansal replaces Ashwani Lohani, who has assumed office as Railway Board Chairman.

24 Aug 2017 3:58 PM

Rajiv Bansal, Additional Secretary, Ministry of Petroleum and Natural Gas will be the next Air India CMD. (Representational Image)

Rajiv Bansal appointed CMD of Air India after Lohani joins Railway Board

Rajiv Bansal is currently the Additional Secretary and Financial Adviser, the Ministry of Petroleum and Natural Gas.

23 Aug 2017 7:48 PM

There are several ways in which we can ensure that our military is given its rightful dues.

Honour our warriors, but meaningfully

The Indian soldier will fight where he is asked to, and he always has.

20 Aug 2017 12:59 AM

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Shobhaa De