Have you read these stories?

Sitharaman may reveal the true state of India's finances on February 1

The government may present other liabilities on its books, a move that could raise fiscal deficit sharply.

Air India

Jan 20, 2020, 09.31 AM IST

SEARCHED FOR:

AIR INDIA

Air India reinstates senior pilot found guilty of sexual harassment

A senior Air India pilot who was suspended in May last year after being accused of sexual harassment by a woman colleague was found guilty by an internal committee of the airline but has been reinstated recently, senior officials said. The committee imposed a "major penalty" on Captain Sachin Gupta, who has now appealed to the next authority against the punishment, they said.

Air India unions to demand voluntary retirement scheme in Monday meeting

"Our members have been approaching us and want us to discuss a volun...

Air India on block but Boeing 747’s VVIP duty continues

The government has almost finalised bid documents for the privatisation of Air India.

ET Prime Distribution
  • The airline hopes to pay the GST dues on Thursday, along with salary to employees. “We have raised the cash to pay for these things from our ticket sales. Hopefully, we will be able to send the engine to Vadodara once some GST dues are paid on Thursday, and then we raise the e-way bill required for that shipment,” said the official.

    In December, Air India chief told the ministry that the carrier's financial situation was "grossly untenable" for sustaining operations. Thus, the ministry asserted on Twitter,"MoCA reiterates that the Government, while going ahead with the disinvestment, would ensure that Air India continues to operate uninterruptedly and improves its operations also."

    While one initiative of moving to one ticket booking software for domestic flight bookings would save about Rs 519 crore in 2020, the other initiative of putting a bigger aircraft on Delhi-London route and smaller Dreamliner on Delhi-Washington route would add about Rs 100 crore to airline’s bottom line.

    A relaxation would have meant that a foreign airline, along with an investment authority from its country of origin, could buy 100% in the national carrier and control Air India from headquarters based anywhere in the world. ​

    Air India had recently moved from keeping two ticketing platforms to one and had selected Travelport for it. The move was question by various industry insiders, who believed that this move of moving away from Amadeus will not be beneficial for the cash strapped airline, as Amadeus offers a he network across the globe.

    The Amit Shah-led committee, which met today, approved all proposals on debt transfer from Air India to an SPV. “All issues have been cleared today and the EoI would come out within this month. The committee has also approved all proposals related to debt transfer from Air India to SPV,” said a senior government official.

    The reactions follow a visit by aviation minister Hardeep Singh Puri to the national carrier’s employee unions wherein he made a case for urgent privatisation as the only way forward as fears of a shutdown loom large.“...these rumours and baseless and without an iota of truth,” Meenakshi Mallik, director commercial at the state-run carrier wrote in the letter to agents.

    The government today approved the proposal to divest stake in Air India and the Expression of Interest (EoI) document will be issued this mo...

    It looks highly unlikely that the disinvestment target will be met in the current fiscal. The next Budget for 2020-21, to be presented on February 1, will have another target for disinvestment. So, what exactly is a strategic sale and how is it different from disinvestment.

    Air India is keeping a close eye on about 40,000 pieces of art to ensure that it doesn’t lose any more of them.

    Meenakshi Malik, Director-Commercial, Air India told travel partners in a letter, "There have been rumours going around in travel markets that Air India may be closing down its operations. I wish to take this opportunity to clarify that these rumours are baseless and without an iota of truth." Air India's net loss in 2018-19 was around Rs 8,556 crore.

    The government has temporarily reallocated as many as many as 488 Jet Airways' slots to Air India, IndiGo, SpiceJet, Vistara, GoAir and AirAsia India to fill the capacity gap in the wake of the airline ceasing operations mid-April last year. A slot is a specific date and time at which an airline can arrive or depart at an airport.

Load More...
x

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service