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Air India Offers VRS For Permanent Staff, Relaxes Age Criteria To 40 Years From 55

Air India Offers VRS For Permanent Staff, Relaxes Age Criteria To 40 Years From 55

Thu, Jun 02, 2022

Tata Group-owned airline Air India has recently reduced the age eligibility of voulntary retirement from 55 years to 40 years, to promote voluntary retirement. The special thing is that the employees will also be given a cash incentive on retirement. The circular related to this has been issued on Wednesday. Talking about the existing rules, such employees whose age is more than 55 years and they have given their service in the company for more than 20 years, only those employees could take advantage of VRS. But now these rules have changed.

Disinvestment will foster Air India's growth, better utilisation of wide-body planes: Civil Aviation Secretary

Disinvestment will foster Air India's growth, better utilisation of wide-body planes: Civil Aviation Secretary

Thu, Oct 21, 2021

The disinvestment of Air India will lead to further growth of the national carrier in a professional manner, according to Civil Aviation Secretary Rajiv Bansal.

Tata Group to be new owner of Air India: Sources; official announcement after meeting chaired by Amit Shah

Tata Group to be new owner of Air India: Sources; official announcement after meeting chaired by Amit Shah

Fri, Oct 01, 2021

According to sources, Tata Group will be the new owner of Air India. A meeting of the committee of ministers on Air India disinvestment is to be held next week. An official announcement is expected after that meeting.

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Air India sale: Aviation Minister says deadline for financial bids will remain September 15

Air India sale: Aviation Minister says deadline for financial bids will remain September 15

Thu, Sep 09, 2021

Air India disinvestment: Civil Aviation Minister Jyotiraditya Scindia said that the deadline for submission of financial bids will be September 15, indicating that there will be no extension for submitting the bids.

Air India disinvestment: Civil Aviation Minister Hardeep Singh Puri makes big statement about its TIMELINE

Air India disinvestment: Civil Aviation Minister Hardeep Singh Puri makes big statement about its TIMELINE

Fri, Jun 04, 2021

Union Civil Aviation Minister (MoCA) Hardeep Singh Puri said that the disinvestment process of Air India is getting delayed due to the second wave of the Covid-19 pandemic. The minister also assured that the disinvestment process will happen this year itself.

Vistara evaluating Air India, no decision yet: Chairman

Vistara evaluating Air India, no decision yet: Chairman

Mon, Mar 02, 2020

Vistara Chairman Bhaskar Bhat on Monday said that the airline is evaluating to bid for the national carrier Air India. He added no decision has been taken so far and only after the evaluation is complete, the company would decide on bidding in the disinvestment process

On Air India, here is what Narendra Modi govt has decided

On Air India, here is what Narendra Modi govt has decided

Fri, Jun 28, 2019

An Air India Specific Alternative Mechanism (AISAM) was constituted by CCEA for this, said a government statement today.

Air India disinvestment: CMD holds meeting with employee unions

Air India disinvestment: CMD holds meeting with employee unions

Thu, Apr 05, 2018

Air India CMD Pradeep Singh Kharola today held a meeting with representatives of four employees' unions to discuss about the proposed strategic disinvestment and their concerns, sources said.

Air India Disinvestment: Jayant Sinha says only an Indian will have control of the airliner

Air India Disinvestment: Jayant Sinha says only an Indian will have control of the airliner

Thu, Mar 29, 2018

Union Minister of State for Civil Aviation Jayant Sinha, in an exclusive talk with Zee Business's Sameer Dixit, said the NDA government is planning to come up with an employee stock ownership plan (ESOP) from its own stock in Air India.

Air India board of directors meet to discuss 'business plans'

Air India board of directors meet to discuss 'business plans'

Thu, Jan 18, 2018

The Board of Directors of the disinvestment-bound Air India met today under its new Chairman and Managing Director (CMD) Pradeep Singh Kharola.

Air India to be split into four before sale, says Aviation Minister Sinha

Air India to be split into four before sale, says Aviation Minister Sinha

Mon, Jan 15, 2018

Stake sale of Air India will be split into four separate firms and will be completed by end of 2018.

Singapore Airlines says options open on Air India disinvestment

Singapore Airlines says options open on Air India disinvestment

Thu, Jan 11, 2018

Singapore Airlines today said it will keep options open on Air India stake after the government allowed foreign carriers to own up to 49 per cent in the national carrier.

Govt allows foreign airlines to invest in Air India; aviation stocks climb, Spicejet falls 2%

Govt allows foreign airlines to invest in Air India; aviation stocks climb, Spicejet falls 2%

Wed, Jan 10, 2018

The government has allowed foreign airlines investment in Air India by up to 49%.

Air India disinvestment process moving 'expeditiously', says govt

Air India disinvestment process moving 'expeditiously', says govt

Wed, Jan 10, 2018

The disinvestment process for Air India is proceeding expeditiously, a senior government official said today amid suggestions in certain quarters not to move ahead with the stake sale for now.

NITI Aayog says it's 'unviable' to support Air India: Govt

NITI Aayog says it's 'unviable' to support Air India: Govt

Wed, Jan 03, 2018

The government's premier policy advisory body NITI Aayog has said in its report on the debt- laden Air India that it was "unviable" to provide financial support to the national carrier, the Centre told Parliament today. Air India has a debt of Rs 51,890 crore.

Govt seeks Rs 13,000 crore surplus from RBI

Govt seeks Rs 13,000 crore surplus from RBI

Sun, Nov 19, 2017

In August, the RBI had paid a dividend of Rs 30,659 crore for the fiscal ended June 2017. It was less than half the Rs 65,876 crore it had paid in 2015-16.

Air India gets Rs 1,500 crore loan from Bank of India

Air India gets Rs 1,500 crore loan from Bank of India

Sun, Nov 12, 2017

Battling multiple headwinds, the disinvestment-bound airline has been working on ways to reduce its debt, including by way of selling non-core assets and expanding operations.

Government invites bids for advisers on Air India's divestment

Government invites bids for advisers on Air India's divestment

Fri, Sep 15, 2017

According to two separate notices on the Department of Investment and Public Asset Management`s website, the proposal for advisers have been invited to guide the government on financial and legal issues associated with the strategic disinvestment.

Keep profitable Air India subsidiaries out of disinvestment: Gadkari

Keep profitable Air India subsidiaries out of disinvestment: Gadkari

Sun, Aug 13, 2017

As Air India Engineering Services Limited (AIESL) today announced induction of first third-party aircraft for major maintenance work at its Nagpur MRO unit, Union Minister Nitin Gadkari said profit-making subsidiaries of Air India should be kept out of proposed privatisation.

Salary cut lesser evil than layoffs in aviation space

Salary cut lesser evil than layoffs in aviation space

Sun, Jul 23, 2017

Slashing salaries is a "lesser evil" than pink slips in the domestic aviation sector, feel HR experts against the backdrop of a leading airline asking junior pilots to take ten days off every month as part of cost balancing effort.

Air India disinvestment: Group of Ministers holds first meeting

Air India disinvestment: Group of Ministers holds first meeting

Fri, Jul 21, 2017

The Cabinet Committee on Economic Affairs late last month gave its in-principle approval for disinvestment of Air India.

Air India net loss reduces to Rs 3,643 crore; operating profit rises in 2016-17

Air India net loss reduces to Rs 3,643 crore; operating profit rises in 2016-17

Tue, Jul 18, 2017

The airline saw its total revenue, including exceptional and extraordinary items, increase to Rs 22,146 crore in 2016 -17 period, as per provisional numbers provided by Minister of State for Civil Aviation Jayant Sinha to the Rajya Sabha.

Air India break-up an option as Modi pushes for quick sale

Air India break-up an option as Modi pushes for quick sale

Sun, Jul 09, 2017

India is considering selling state-owned Air India in parts to make it attractive to potential buyers, as it reviews options to divest the loss-making flagship carrier, several government officials familiar with the situation said.

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