Air India set to raise Rs 500 cr from CP property
State-run consultancy firm NBCC (India) Ltd has prepared a plan to monetise the debt-ridden national carrier’s vacant land at Baba Kharak Singh Marg near Connaught Place.
Spicejet to connect Shirdi via Aurangabad as airport remains shut
Spicejet connects Shirdi with Delhi, Chennai, Hyderabad and Bengaluru and s...
ET Explains: The long and short of Modi govt's big-ticket privatisation drive
The move to privatise some of these big state-run firms reinfor...
If any one divestment does not take place, we would run a big risk : Vikas Khemani, Carnelian Capital Advisors
If one of the disinvestments is successful, it could lead to a good re-rating of the rest of the pack.
India is not a classic liquidity driven market, it’s quality driven too: Vallabh Bhanshali
Govt has taken a measured response to the economic situation, choosing very carefully what they do.
Air India to start flying on Mumbai-Nairobi route from November 27
The four-times-a-week non-stop fight will be operated on Tuesdays, Wednesdays, Fridays and Sundays with a 256 seat Boeing 787 in two-class configuration, business and economy, the airline said in a release. Air India will be the only domestic carrier to operate to Kenya from India
Air India extends bridge-loan bids for Boeing purchase to Nov 22
The selloff-bound airline had on October 30 floated bids from banks/ financial institutions to refinance its existing bridge-loan facility worth $819 million or worth over Rs 5,800 crore by November 14. The financial bids were to scheduled to be closed on November 14. The carrier is seeking to refinance six Boeing 787s and one B777.
Tie-up to help SpiceJet access wider network of Gulf Air: Ajay Singh
The tieup is commercial and SpiceJet to collaborate with Gulf Air in engineering, cargo, personnel.
BJP making India's best organisations hollow, selling them: Priyanka Gandhi
Her attack comes days after Sitharaman reportedly said the government was looking to wrap up the sale of state-run Air India and oil refiner and marketer BPCL by March 2020. "Our organisations are our pride. These are our 'golden birds'," Priyanka Gandhi said in a tweet in Hindi.
Air India, Bharat Petroleum Corporation to be sold by March: FM Nirmala Sitharaman
Sitharaman says the strategic sale of Air India and BPCL will be wrapped up by March
Alliance Air starts flight operations on Ahmedabad-Kandla route
Flight operation on the route was started on Monday. Kandla is Alliance Air's 55th destination under UDAN scheme. Alliance Air, a subsidiary of Air India, would operate flight on the Ahmedabad-Kandla route every weekday, according to a release by the Ministry of Civil Aviation.
Domestic air passenger traffic grows by 3.98 per cent in October
The domestic air traffic last month consisted of 12.31 million passengers compared to 11.84 million passengers in the same month last year, a jump of 3.98 per cent, as per data. IndiGo maintained its lead position with 47.4 per cent share of the domestic passenger market in October, the data showed.
India plans strategic stake sales in 28 state-run companies - minister
The government has so far raised 173.64 billion rupees ($2.43 billion) in the 2019/20 fiscal year ending in March, against the full-year's target of 1.05 trillion rupees, the minister said in a written reply in the lower house of parliament.
Air India cabin crew call in sick, get pink slips
Air India’s problem with cabin crew scheduling began last month on Karva Chauth when a number of cabin crew members unexpectedly called in sick. An AI spokesperson confirmed that termination letters were sent to the crew because on November 2 and 3 there was a sudden jump in the number of people who reported sick.
Govt may clear Air India’s dues worth Rs 22,000 cr
The government has taken on Rs 29,400 crore of Air India’s total debt of about Rs 60,000 crore, leaving about Rs 30,600 crore on its books. Separately, its other liabilities amount to Rs 22,000 crore. Of the remaining debt of Rs 30,600 crore, about Rs 12,500 crore are against aircraft loans.
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