January 31st, 2022 2:08 PM 0 COMMENTS

Vistara Waives Off Change Fees for One-Time Rescheduling on Direct Bookings Until March 31

India’s full-service carrier Vistara will waive the change fees for one-time rescheduling on all direct bookings with the airline until March 31. Direct bookings are the tickets booked directly with the airline, and hence, this change fee waiver will not be applicable to the air ticket bookings via travel agents or platforms like Cleartrip or MakeMyTrip. Vistara confirms that the airline has witnessed a drastic reduction in ticket booking as... Read More

January 31st, 2022 1:24 PM 0 COMMENTS

There Are No Air India-Vistara Merger Talks, Confirms Vistara Chairman

With Air India privatization, the biggest speculation that churned the internet was about the possible merger of Vistara with Air India. Putting an end to the rumour mill, Tata Singapore Airlines Chairman Bhaskar Bhat confirmed that no such strategic merger talks are in place. In an interview given ET, Bhat said that Tata Group targets to run Air India as a parallel entity alongside Vistara. According to him, any talk... Read More

January 28th, 2022 7:49 PM 0 COMMENTS

The 69-Year-Old Mistake Has Been Corrected: Jyotiraditya Scindia on Air India Privatization

In response to Air India’s privatisation, Union Minister Jyotiraditya Scindia said that nationalising an airline belonged to the private sector was a 69-year-old mistake. Minister sees Air India disinvestment as a mistake corrected. He gave credit for the success of the Air India takeover to Prime Minister Narendra Modi. “It was only possible because of his dedication, resolution and willpower of PM Modi that he took the decision of Air... Read More

January 11th, 2022 7:10 PM 0 COMMENTS

Devas Multimedia’s Investors Can Seize 50% of Air India’s Assets

In a partial victory for India, a Canadian court ruled that Devas Multimedia’s investors could seize half of Air India’s assets held by the International Air Transport Association (IATA). It has also overturned an order authorising the seizure of funds belonging to the Indian Airports Authority (AAI). Devas shareholders had already acquired authorisation from the Quebec Superior Court on November 24 and December 21 to take assets of AAI and... Read More

January 7th, 2022 12:04 PM 0 COMMENTS

Delhi High Court Dismisses Subramanian Swamy Plea to Set Aside Air India Sale

Delhi High Court ordered to dismiss the plea filed by BJP leader Subramanian Swamy against the Air India disinvestment process. The Court found no illegality and arbitrariness in Air India’s sale to Tata Sons, as pointed by the petitioner in the judicial review. In his plea against Air India’s privatization, BJP leader Subramanian Swamy asked Delhi High Court to set aside the Air India disinvestment process on the grounds that... Read More

December 6th, 2021 12:51 PM 0 COMMENTS

Air India Pilots Schedule a Meeting with Aviation Secretary Over Pay Cuts and Arrears

As the events related to the ongoing struggle of Air India pilots further unfold, in a recent development, the Air India pilots have announced on Sunday that a meeting has been scheduled with the aviation secretary Rajiv Bansal on Monday who also happens to be the chairman and managing director of the airline to discuss the demands of their payment clearance before the association takes any decision of going on... 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

July 17th, 2020 12:30 AM 0 COMMENTS

Government Hastens Air India Disinvestment Process, Stalls All Promotions and Appointments

The Department of Investment and Public Asset Management (DIPAM) has directed Air India to freeze all promotions and appointments in the wake of its proposed privatization. DIPAM has also ordered that the airline can only start a new flight service unless it comes under a dire emergency. “The direction came almost a week back. It says that due to impending privatization, no major initiatives have to be taken up. There... Read More

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