News Muncher - searching for aisats

4 months, 1 week ago

Vistara Shuts After Air India Merger: A Complete Timeline of Tata Group's Airline Business

News 18

In a major development, full-service carrier Vistara is going to shut its operations after November 11, following the parent firm Tata group’s decision to merge the airline with Air India. The central government has cleared the last roadblock to national carrier Air India Ltd’s merger with smaller rival Vistara, approving a S$360 million investment by Singapore Airlines Ltd. into the …

India Singapore Indian Million Group Tata Group Merger

1 year, 6 months ago

Bengaluru Airport shuttle bus crashes into pillar, 10 passengers injured

India TV News

At least 10 people sustained injuries after a shuttle bus travelling from Terminal 1 to Terminal 2 of the Kempegowda International Airport in Bengaluru crashed into a pillar early on Sunday, airport authorities said. "On June 18, 2023 at approximately 5.15 AM, a shuttle bus operating between T1 and T2 of the BLR airport collided with a pole near the …

Bengaluru Airport Injured Shuttle Bus Crashes

1 year, 9 months ago

Noida International Airport on Track to Meet 2024 Completion Timelines: Officials

News 18

The Noida International Airport’s terminal forecourt will feature flights of steps like the famous ghats of Varanasi and Haridwar, welcoming and bringing together people. Noida International Airport will showcase a grand entry to the state of Uttar Pradesh. Officials on Tuesday said that Noida International Airport is on track to meet completion timelines for phase I, with one runway and …

Airport Terminal Noida International Airport Nia Site Timelines Officials

1 year, 10 months ago

Dedicated Terminals, Cool Port Facility: Jewar Intl Airport to Have Integrated Multi-Modal Cargo Hub

News 18

The soon-to-be opened Jewar International Airport in Uttar Pradesh will have an integrated Multi-Modal Cargo Hub spread across 87 acres, which will be built by Air India SATS Airport Services Private Limited, the firm announced on Monday. “ICT will handle both domestic and international cargo with dedicated terminals; additionally, will be managing express courier shipments and a cool port facility …

India Airport Air Cargo Port Integrated Logistic

2 years, 10 months ago

Tata Sons appoints Ilker Ayci as CEO, MD of Air India

India Today

Tata Sons today appointed Ilker Ayci as Chief executive officer and Managing Director of Air India. The Air India board met on Monday afternoon to consider the candidature of Ilker Ayci. We are delighted to welcome Ilker to the Tata group where he would lead Air India into new era." The remaining debt and borrowings of Air India were transferred …

India Air Tata Sons Tata Turkish Airlines Ilker Ayci Ilker

2 years, 10 months ago

Air India Appoints Former Chairman of Turkish Airlines Ilker Ayci as CEO

News 18

Former chairman of Turkish Airlines Ilker Ayci has been appointed Air India’s new CEO and MD, the erstwhile national carriers new owners the Tata Group announced on Monday. We are delighted to welcome Ilker to the Tata Group where he would lead Air India into the new era.” Ayci was born in Istanbul in 1971. Working closely with my colleagues …

India Airlines Air Airline Group Tata Istanbul

2 years, 11 months ago

Tata Sons chairman meets PM Modi; Air India handed over to Tata Group

Hindustan Times

Chairman of Tata Sons N Chandrasekaran met Prime Minister Narendra Modi on Thursday, before the official handover of the Air India to the Tata Group. N Chandrasekaran, the Chairman of Tata Sons called on Prime Minister Narendra Modi on Thursday ahead of official handover of Air India to Tata Group The official handover of Air India is the first major …

India Mumbai Tata Sons Tata Group Pm Modi Tata Group Chairman

3 years ago

Air India sale: HC scraps Swamy’s plea challenging divestment process

Hindustan Times

New Delhi: The Delhi high court on Thursday dismissed Bharatiya Janata Party Rajya Sabha member Subramanian Swamy’s plea seeking to set aside the Air India disinvestment process, saying that the valuation of the national carrier saw keen competition and was not tailor made or rigged in favour of the Tatas. In October last year, the Centre accepted the highest bid …

India Court Air Process Crore Tata Sons Centre

3 years, 1 month ago

Government making all efforts to complete Air India disinvestment process by December-end: Rajiv Bansal

The Hindu

The government is making all efforts to complete the disinvestment process of national carrier Air India by the end of December, according to a senior official. On Wednesday, Civil Aviation Secretary Rajiv Bansal said all efforts are being made to complete the disinvestment process of Air India by the end of December. Of the total amount, Talace will take over …

India Crore Bansal Complete Air

3 years, 2 months ago

Air India deal: Centre signs share purchase agreement with Tata Sons for Rs 18,000 cr

Firstpost

The government is divesting its 100 percent ownership of Air India and Air India Express along with its 50 percent stake in ground-handling company AISATS New Delhi: The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. “Share Purchase Agreement signed today by Government with Tata …

India Air Crore Airline Tata Sons Tata Tatas

3 years, 2 months ago

Govt signs share purchase agreement with Tata Sons for Rs 18,000 crore Air India sale

India TV News

The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. "Share Purchase Agreement signed today by Government with Tata Sons for strategic disinvestment of Air India," Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey tweeted. Air India Director - Finance Vinod Hejmadi, Civil …

Crore Airline Tata Sons Tata Sal Tatas India Aircraft

3 years, 2 months ago

Govt signs share purchase agreement with Tata Sons for Rs 18,000-cr Air India sale

India Today

The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18,000 crore. "Share Purchase Agreement signed today by Government with Tata Sons for strategic disinvestment of Air India," Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey tweeted. Tatas beat the Rs 15,100-crore offer by a consortium …

India Air Tata Sons Tata Sal Share Purchase Agreement

3 years, 2 months ago

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

The Hindu

The disinvestment of Air India will lead to further growth of the national carrier in a professional manner, including better utilisation of its wide-body planes and upgradation of in-flight services, according to Civil Aviation Secretary Rajiv Bansal. Mr. Bansal, who is also in charge of Air India as its chairman and managing director, also noted that with better utilisation, the …

India Canada Air Civil Aviation Tata Bansal Better Utilisation

3 years, 2 months ago

Decision on Air India will give new energy to aviation sector: PM Modi

Deccan Chronicle

Kushinagar: With Air India set to be acquired by Tata group, Prime Minister Narendra Modi on Wednesday said the decision on the national carrier will give new energy to the country's aviation sector. His comments come weeks after Tata group emerged as the winning bidder for Air India paving the way for disinvestment of the loss-making carrier. In an address …

Air New Energy Tata Group Modi India Tata

3 years, 2 months ago

Explained | Will the Tatas be able to turn around Air India?

The Hindu

The story so far: On October 8, the Department of Investment and Public Asset Management secretary Tuhin Kanta Pandey announced at a press conference that the Tata Sons subsidiary, Talace Pvt. This time round, the Government offered management control and sale of 100% equity share capital, each, of Air India and Air India Express and a 50% equity share capital …

India Aviation Services Airlines Indian Air Civil Aviation

3 years, 2 months ago

OPINION: With Insolvency & Bankruptcy Code, Air India Privatisation, Modi Govt Bites the Reform Bullet

News 18

The steps taken by the Modi government over the last few years from enacting Insolvency & Bankruptcy Code to sharpening other laws have helped banks recover over Rs 5.5 lakh crore of bad debt, including close to Rs 1 lakh crore from accounts that had been technically written off. As opposed to the CIRP where the obligation of handling the …

India Insolvency Resolution Air Process Tribunal Crore

3 years, 2 months ago

Air India privatisation: ₹16,000 crore unpaid bills to go to government’s AIAHL

The Hindu

The government will transfer about ₹16,000 crore of unpaid fuel bills and other pending dues that Air India owes to suppliers, to a special purpose vehicle before handing over the loss-making airline to the Tata Group, a senior official said. Before the handover of the airline to Tatas, the government would again work on the balance sheet of Air India …

India Assets Air Debt Crore Pandey Operational Creditors

3 years, 3 months ago

'Welcome Back, Air India': Ratan Tata Tweets As Tata Sons Becomes Owner Of Air India Again

ABP News

New Delhi: Tata Sons has on Friday won the bid to acquire debt-laden state-run national carrier Air India more than half a century after it ceded control to the government. Not just a 100 per cent stake in Air India and its low-cost arm, Air India Express, Tata's winning bid also includes a 50 per cent stake in ground-handling company …

India Air Ratan Tata Tata Sons Bid Jrd Tata

3 years, 3 months ago

GoM to decide on winning bidder for Air India

The Hindu

A Group of Ministers led by Union Home Minister Amit Shah will meet soon to take a decision on the winning bidder for Air India, a top government official said. “Air India Specific Alternative Mechanism will meet soon to decide,” the official told The Hindu when asked about the outcome of the financial bids submitted by Tata Sons and SpiceJet's …

India Air Gom

3 years, 3 months ago

Govt may select successful bidder for Air India in 3 weeks: Report

India Today

Final bids for acquiring state-run carrier Air India were recently submitted by Tata Sons and SpiceJet promoter Ajay Singh. Read | Air India sale: Tata Sons, SpiceJet promoter Ajay Singh submit final bids “Financial bids for Air India disinvestment received by transaction adviser. Once the final reserve price is determined, the proposal will be floated before the Air India Specific …

India Air Tata Sons Final Spicejet

3 years, 3 months ago

Air India sale: Tata Sons, SpiceJet promoter Ajay Singh submit final bids

India Today

The government has moved a step closer to selling Air India as final financial bids for the cash-strapped airline have been submitted on Wednesday. Tata Sons is one of the parties that has put in its financial bid for Air India and the development has been confirmed by a company spokesperson. Air India had failed to attract a bidder in …

India Air Singh Bid Financial Bids

4 years ago

Phase-II of Air India disinvestment to start Jan 5

India TV News

The second phase of the strategic disinvestment of Air India will start on January 5, 2021 with the announcement of the names of the qualified bidders. The presentation noted that in view of the post-Covid situation and severe impact on aviation sector, the government has considered various options related to disinvestment, including bidding parameters in the PIM and meetings of …

India Air Disinvestment Pim Interested Bidders

4 years, 2 months ago

Centre relaxes Air India sale terms yet again

The Hindu

The Centre on Thursday revised bidding parameters for 100% stake sale in Air India, allowing private players to quote an enterprise value for the airline. This doesn’t mean that Air India sale will be debt-free, but that the debt will be determined in the market,” Mr. Pandey said. Officials said that with the passage of time and due to COVID-19, …

India Air Debt Crore Airline Value Enterprise Value

4 years, 10 months ago

Air India disinvestment process going on 'extremely well'; govt may extend initial bids deadline: Aviation minister Hardeep Singh Puri

Firstpost

Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be extended even as he emphasised that the disinvestment process is going on “extremely well” New Delhi: Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be …

India Air Civil Aviation Disinvestment Deadline Puri Hardeep Singh Puri

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Search results for aisats

Vistara Shuts After Air India Merger: A Complete Timeline of Tata Group's Airline Business

Bengaluru Airport shuttle bus crashes into pillar, 10 passengers injured

Noida International Airport on Track to Meet 2024 Completion Timelines: Officials

Dedicated Terminals, Cool Port Facility: Jewar Intl Airport to Have Integrated Multi-Modal Cargo Hub

Tata Sons appoints Ilker Ayci as CEO, MD of Air India

Air India Appoints Former Chairman of Turkish Airlines Ilker Ayci as CEO

Tata Sons chairman meets PM Modi; Air India handed over to Tata Group

Air India sale: HC scraps Swamy’s plea challenging divestment process

Government making all efforts to complete Air India disinvestment process by December-end: Rajiv Bansal

Air India deal: Centre signs share purchase agreement with Tata Sons for Rs 18,000 cr

Govt signs share purchase agreement with Tata Sons for Rs 18,000 crore Air India sale

Govt signs share purchase agreement with Tata Sons for Rs 18,000-cr Air India sale

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

Decision on Air India will give new energy to aviation sector: PM Modi

Explained | Will the Tatas be able to turn around Air India?

OPINION: With Insolvency & Bankruptcy Code, Air India Privatisation, Modi Govt Bites the Reform Bullet

Air India privatisation: ₹16,000 crore unpaid bills to go to government’s AIAHL

'Welcome Back, Air India': Ratan Tata Tweets As Tata Sons Becomes Owner Of Air India Again

GoM to decide on winning bidder for Air India

Govt may select successful bidder for Air India in 3 weeks: Report

Air India sale: Tata Sons, SpiceJet promoter Ajay Singh submit final bids

Phase-II of Air India disinvestment to start Jan 5

Centre relaxes Air India sale terms yet again

Air India disinvestment process going on 'extremely well'; govt may extend initial bids deadline: Aviation minister Hardeep Singh Puri