Air India

October 29th, 2021 7:09 PM 0 COMMENTS

ICPA Writes to Civil Aviation Ministry, Asks to Restore Air India Pilots’ Remuneration

In the most recent development of events, Air India pilot’s union has issued a written request to the Civil Aviation Ministry for the reversal of the pay-cuts that were imposed on AIR India pilots during the pandemic period. The issue has been a long-standing problem for the Air India pilots and this marks the first time they have filed a written request. Aviation Industry Returning to Normal As per the... Read More

October 28th, 2021 9:49 PM 0 COMMENTS

Government Departments Instructed to Clear Air India Dues

In the recent development of events, the Finance Ministry of India has directed all central ministries and government departments to pay off their dues to Air India instantaneously. Moreover, the Department of Expenditure (DoE) has instructed that all the government departments may purchase Air India tickets only on a cash basis. The changes are taking place as the national flag-bearing carrier has been taken over by Tata Group and a... Read More

October 25th, 2021 6:17 PM 0 COMMENTS

Air India Sale Complete, Govt Signs Share Purchase Agreement With Tata Sons

Air India’s sale to the Indian conglomerate, Tata Sons has been completed. The government has signed the share purchase agreement with Tata Sons for divesting the national carrier. This is the first time a privatisation event has occurred in nearly two decades. According to a PTI report, on Monday, the government completed the sale of Air India to Tata Sons after signing the share purchase agreement. “Share purchase agreement signed... Read More

October 19th, 2021 6:40 PM 0 COMMENTS

Indigo Very Clear on ‘Defence’ Strategies as Competition Rises

As the airline industry of the country is expected to have a rise in competition, one of the top executives of the major Indian airline Indigo said that they are very clear with their defensive strategies. As the number of vaccinated travelers is increasing and restrictions in regards to travel are being lifted, the sector is seeing a comeback in a high number of passengers after getting hugely impacted by... Read More

October 19th, 2021 2:59 AM 0 COMMENTS

Delhi Airport Hub Traffic to Get Boosted as AIR India Revives

As TATAs take over the financially struggling AIR India, the airline is expected to expand its domestic and international operations in the foreseeable future. This has resulted in GMR run Delhi airport expecting a 25% surge in the next three years. The Indira Gandhi National Airport is already a hub for AIR India, Vistara which also has TATAs majority interest, and Indigo Airlines and is also the country’s largest aerodrome.... Read More

October 17th, 2021 10:53 PM 0 COMMENTS

Air India Privatisation Will Result in Savings of Tax Money

After two decades of running on losses, finally, Air India will not continue on Rs 20 Crore per day of the taxpayer’s money. It went through two aborted missions, more than a few changes in the ministers, and multiple rule changes to finally get privatized. In response to the opposition Congress continuously criticising the decision and even describing it as selling the family silver, DIPAM secretary Tuhin Kanta Pandey, in... Read More

October 13th, 2021 11:32 PM 0 COMMENTS

Tata Group to be a ‘Formidable Competition’ to IndiGo as It Acquires Air India

As Tata Group wins the bid to acquire Air India from the government and looks to tie up the $2.4 billion deal, India’s current largest airline IndiGo anticipates Tata to be a “formidable competition” in the airline industry. In a pre-recorded interview at CAPA centre for aviation event held today, IndiGo’s Chief Executive Officer Ronojoy Dutta said "I see them as formidable competition but I welcome them. It is a... Read More

October 8th, 2021 11:51 PM 0 COMMENTS

Air India Came Back Home to Tata

After close to seven decades, Air India has made its way back to the Tata Group. While this was the expected outcome, hearing it officially makes it even sweeter. The cash-strapped airline had become a burden for the government, and it was high time for it to be privatised. Air India was nationalised way back in 1953. According to a Times of India (TOI) report, Tata’s wholly-owned subsidiary, Talace Pvt... Read More

October 1st, 2021 1:00 PM 0 COMMENTS

Air India Bid Won by Tata Sons Report Wrong, Govt Denies

It was being said that Air India’s bid has been successfully won by Tata Sons. It wasn’t surprising at all. As per Bloomberg, Tata Sons had won the bid for Air India but the official announcement from the government denies that. It was reported earlier that Tata Sons had put a higher bid than its competitor SpiceJet to claim the airline. Tata Sons had a big interest in the airline... Read More

September 30th, 2021 10:26 AM 0 COMMENTS

Air India Likely to Go to Tata Sons

Air India, the debt-laden flag carrier, is about to be sold to a private company. Air India has been very difficult for the government to sell. Only two bidders, including Tata Sons and SpiceJet, have shown interest in buying the company. Now, according to an ET report, the government on Wednesday decided on the minimum reserve price for the national carrier. Further, the government met both the bidders to discuss... Read More

September 18th, 2021 1:09 AM 0 COMMENTS

Air India New Owner Might Be Decided In 21 Days

Air India, the debt-laden, state-owned airline, will be sold to either Tata Sons or SpiceJet promoter Ajay Singh in 21 days. The government has already received the final bids from both parties. According to a report from the Business Standard, the airline’s successful bidder might be announced in 21 days or three weeks. In this time period, two high-level committees will be deciding the reserve price for the national carrier.... Read More

September 8th, 2021 4:05 PM 0 COMMENTS

Air India Might Just Be Bought By Tata Group

Regardless of how slumped the airline industry is right now; Air India is getting a lot of interest from the Tata Group. The state-owned airline is being disinvested by the government because of its debt and continuous operational losses. With the COVID-19 pandemic and the break-in domestic as well as international travel, Air India was affected majorly. Tata Group has a special place for Air India in its heart because... Read More

September 7th, 2021 1:18 PM 0 COMMENTS

CIAL Offering Free Round Trip Tickets, Here’s How You Can Get It

The Cochin International Airport Limited (CIAL) will be offering free round trip tickets to customers in India. The airport body has further signed a memorandum of understanding (MoU) with the government-owned airline Air India. Under the deal, passengers who are travelling through the airline can avail of a 15% to 20% discount on anything they purchase from the Cochin Duty-Free shop at the international departure terminal. CIAL Will Also Be... Read More

June 3rd, 2021 11:42 PM 0 COMMENTS

Air India Disinvestment to Complete Before December 31, 2021

The national air carrier, Air India, has been operating under a loss for years now and has a mountain of debt on its shoulders. Thus the government had earlier decided to sell a 76% majority stake of the airline to interested buyers. However, there were no takers for the airline at that point in time. In the second round of attempt, the Modi government might actually sell the airline to... Read More

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