Wed, Jan 24, 2024
DGCA stated that it received a complaint from a former Air India pilot stating that the airline flew Boeing 777s to the United States without the necessary emergency oxygen delivery equipment. And after conducting a thorough investigation into the incident, the aviation regulator issued a show cause notice to the airline.
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Mon, Jan 22, 2024
The aircraft will initially fly on domestic routes -- Bengaluru, Chennai, Delhi, Hyderabad, and Mumbai -- for crew familiarisation and regulatory compliance.
Wed, Jan 03, 2024
Balaji, who will join the newly-created position at Air India on January 11, earlier served a nearly decade-long stint at Vodafone Idea, where he spearheaded the regulatory and public policy functions, the airline said.
Mon, Oct 25, 2021
The government has signed a share purchase agreement with Tata Sons for sale of Air India for Rs 18,000 crore.
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.
Sun, Oct 17, 2021
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. Earlier this month, the government had accepted an offer by Tata group to pay Rs 2,700 crore cash and takeover Rs 15,300 crore of the airline's debt.
Fri, Oct 15, 2021
Conglomerate Tata Group plans to pilot synergy between all its airlines to compete in various market segments.
Wed, Oct 13, 2021
A revamped Air India under the Tata Group will be a real challenge while new airline Akasa Air will be a far less competitive force for the next two-three years, IndiGo CEO Ronojoy Dutta said on Wednesday.
Tue, Oct 12, 2021
Tata Sons-Air India Deal: In a major boost to the government's disinvestment plans, the Centre announced the first privatization after 19 years.
Mon, Oct 11, 2021
Tata group holding firm Tata Sons on Monday said it is looking forward to completing the process of acquiring Air India over the next few months by working with the government.
The government on Monday issued a letter of intent (LoI) confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group for Rs 18,000 crore, a senior official said.
The chamber said the time was right to expedite disinvestment efforts in the banking space, with privatisation of identified two public sector banks.
Tata Sons bagged Air India in one of the important disinvestment stories last week on Friday.
With the Tatas winning the bid for Air India, the aviation sector is expected soon to go for re-rating and revaluation. The analysts believed that the news of the Tatas taking back the control of Air India almost after 68 years has boosted the confidence within the industry.
Fri, Oct 08, 2021
Air India's sale to the Tata Group marks a new dawn for the airline, Civil Aviation Minister Jyotiraditya Scindia said on Friday as he hoped that the carrier would continue to bring people closer through successful operations.
After more than two decades and three attempts, the government has finally sold its flagship national carrier Air India.
Air India currently has a total of 12,085 employees. Out of this, 8084 are permanent employees and 4001 employees work on contractual basis. Air India also has 1434 employees working in Air India express.
The Centre today announced the winning bidder for the national carrier Air India. The salt-to-steel conglomerate Tata Group, which had founded the airline, has emerged as the lead winner with an Enterprise Value quote Rs 18,000 crore.
In her Budget speech, Finance Minister Nirmala Sitharaman said strategic disinvestment of BPCL, Air India, Shipping Corporation of India, Container Corporation of India, IDBI Bank, BEML, Pawan Hans, Neelachal Ispat Nigam Ltd, among others, and IPO of LIC would be completed in 2021-22.
Tata Sons beat SpiceJet promoter to bag Air India.
The transaction does not include non-core assets including land and building, valued at Rs 14,718 crore, which are to be transferred to Gol‘s AIAHL
Sat, Oct 02, 2021
Commerce and Industry Minister Piyush Goyal on Saturday said the government has not taken any decision on Air India so far and the final winner will be selected through a well defined process.
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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