Without buyer, Air India might be forced to shut down in six months: Airline official
5 years ago

Without buyer, Air India might be forced to shut down in six months: Airline official

India TV News  

Struggling Air India might be forced to shut down by June next year unless it finds a buyer as "piecemeal" arrangements cannot be sustained for long, according to a senior airline official. Sounding alarm bells, the official said Air India might well go Jet Airways way if a prospective buyer does not come on board by June next year. The Air India Specific Alternative Mechanism has approved re-initiation of process for the the government's 100 per cent stake sale in Air India along with Air India Express and the carrier's stake in joint venture AISATS. According to the official, it would take "at least" six months to complete the transaction in the eventuality of an investor coming on board, provided the sale process kick starts early next month.

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History of this topic

Don’t Miss Out! Air India Express New Year Sale. Flight ticket fares starting from just ₹1,448
1 week, 1 day ago

Don’t Miss Out! Air India Express New Year Sale. Flight ticket fares starting from just ₹1,448

Live Mint  

Air India Express Limited has launched a “New Year Sale” with flight fares starting from ₹1,448 under Lite offer and ₹1,599 under Value offer for bookings made until January 5 for travel from January 8, 2025, to September 20, 2025. The Lite Offer is available to logged-in loyalty members through the airline's official website, www.airindiaexpress.com, or the official mobile application. …

Why Indian carriers struggle to survive despite airport boom and record footfall
1 month, 4 weeks ago

Why Indian carriers struggle to survive despite airport boom and record footfall

Firstpost  

The Indian aviation industry may seem to be soaring, but it has a history of airline shutdowns due to money troubles, intense competition and management issues. While Air India merged with Indian Airlines in 2007 to become the largest full-service airline, other major players like Kingfisher, Jet Airways and Air Sahara all eventually collapsed. Boeing’s 2023 outlook estimates that over …

Deal to create one of world’s largest airline groups gets regulator approval
4 months, 1 week ago

Deal to create one of world’s largest airline groups gets regulator approval

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Singapore Airlines has received approval from the Indian government to proceed with its merger with Air …

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

NCLT gives nod for Vistara-Air India merger
7 months ago

NCLT gives nod for Vistara-Air India merger

The Hindu  

The National Company Law Tribunal on Thursday granted its approval for the merger of Vistara with Air India allowing a period of nine months for the dissolution of the former. The Tata Sons also fully own Air India Express which was merged with erstwhile AirAsia India, rechristened as Air India Connect after Malaysian airline group AirAsia sold its entire stake …

Air India ceased be State or its instrumentality under Article 12 post disinvestment: SC
7 months, 3 weeks ago

Air India ceased be State or its instrumentality under Article 12 post disinvestment: SC

The Hindu  

Air India Limited ceased to be State or its instrumentality under Article 12 of the Constitution after its disinvestment and take over by the Tata Group in January 2022, and no case of alleged violation of fundamental right would lie against it, the Supreme Court ruled on May 16. The apex court dismissed the appeals filed against a September 20, …

Air India Express crisis: 'Sick' crew members laid off, flight disruptions continue | Top developments
8 months ago

Air India Express crisis: 'Sick' crew members laid off, flight disruptions continue | Top developments

Hindustan Times  

Air India Express has started laying off cabin crew members for Wednesday's “sick leaves” which forced the airline to cancel at least 86 flights on the day, and curtail its operations until May 13. FILE PHOTO: An Air India Express aircraft is displayed at Wings India 2024 aviation event at Begumpet airport, Hyderabad, India, January 18, 2024. The employees protest …

After decades of decline, Air India is betting billions on a comeback
8 months ago

After decades of decline, Air India is betting billions on a comeback

Al Jazeera  

CEO Campbell Wilson says journey to restoring Air India’s reputation is ‘well under way’. Tasked with leading this mission is Air India CEO Campbell Wilson, who was recruited from Singapore’s low-cost airline Scoot in 2022 to turn around the carrier, founded in 1932 by French-Indian aviator entrepreneur JRD Tata. After the “capital-intensive” five-year plan is completed, Air India hopes to …

Submit report on flight cancellations: Aviation ministry to Air India Express
8 months ago

Submit report on flight cancellations: Aviation ministry to Air India Express

Hindustan Times  

Stepping in after cancellation of multiple Air India Express flights led to chaos at airports across the country, the Ministry of Civil Aviation on Wednesday directed the airline to submit a report on the cancellations, and to ensure facilities for passengers as per the norms laid down by the Directorate General of Civil Aviation. Additionally, the ministry asked the carrier, …

Air India Express cancellations: Monopoly routes will be hit the most
8 months ago

Air India Express cancellations: Monopoly routes will be hit the most

Hindustan Times  

After Vistara’s challenges with network disruption in the first week of May, another Tata group airline - Air India Express is facing a major disruption today. Data provided by Cirium - an aviation analytics company, exclusively for this article shows that Air India Express has 778 domestic departures while 412 are international per week. On the domestic side, all airlines …

Govt likely to push for Air India units’ stake sale in FY25
11 months ago

Govt likely to push for Air India units’ stake sale in FY25

Live Mint  

New Delhi: The Centre will make a push for selling its shares in Air India’s erstwhile subsidiaries in FY25, said a top official, but the privatization of Container Corporation of India is unlikely to see any traction soon. “The Air India subsidiaries can be taken up for disinvestment, they’re part of the ongoing,” Tuhin Kanta Pandey, secretary of the department …

India has one of the best airfare regimes; there should be no 'gouging': Akasa Air CEO
1 year, 7 months ago

India has one of the best airfare regimes; there should be no 'gouging': Akasa Air CEO

The Hindu  

India has one of the best airfare regimes in the world, but there should not be "gouging" in terms of ticket prices to take advantage of a particular situation, according to Akasa Air CEO Vinay Dube. His comments come against the backdrop of concerns about a steep rise in airfares in certain routes amid capacity reduction due to the Go …

‘A passenger boarding Air India must be pleasantly surprised’: CEO Campbell Wilson
1 year, 7 months ago

‘A passenger boarding Air India must be pleasantly surprised’: CEO Campbell Wilson

The Hindu  

Air India has moved from its “taxi” phase and is now in “take-off” mode, the second phase of its comprehensive five-year transformation programme, said Chief Executive Officer and Managing Director Campbell Wilson. The consolidated Air India will be one full service airline called Air India, and one low cost airline called Air India Express which will fly narrowbody aircraft domestically …

Government to make Rs 300 crore equity infusion in Alliance Air, earlier Air India wing
1 year, 7 months ago

Government to make Rs 300 crore equity infusion in Alliance Air, earlier Air India wing

India TV News  

Alliance Air : Amid financial headwinds faced by Alliance Air, the government has stepped forward to make an equity infusion of Rs 300 crore. The regional carrier Alliance Air, the earlier part of Air India, is now owned by AI Assets Holding Ltd, a special-purpose vehicle formed by the central government. The finance ministry has approved an equity infusion of …

Why airlines keep folding in India’s booming aviation market
1 year, 8 months ago

Why airlines keep folding in India’s booming aviation market

Live Mint  

Go Airlines India Ltd. this week became the latest victim in the battle of the skies over India. Go, run by cookie-to-clothing magnate Nusli Wadia’s group, is the third high-profile carrier majority owned by a billionaire that has ceased to fly in the past 11 years. Modi has committed to steer the state away from business, proving his credentials by …

Air India's expansion plans fuel tension over airline flying rights
1 year, 9 months ago

Air India's expansion plans fuel tension over airline flying rights

India Today  

Tensions over plans to transform Air India into a global airline with hundreds of new jets rippled across the aviation sector on Tuesday as foreign carriers clamoured for more access to the world's fastest-growing economy. 'BIGGER SHARE' Now, the rebirth of Air India and launch of a new Saudi carrier with dozens of jet orders has shuffled the deck and …

Air India seeks lessor jet delivery financing after record order
1 year, 9 months ago

Air India seeks lessor jet delivery financing after record order

Live Mint  

Air India has kicked off financing for a plane order worth tens of billions of dollars by asking leasing companies to submit proposals for sale-leaseback deals, the airline said on Monday as industry executives play down the impact of recent banking-sector turmoil on aviation. Air India Chief Executive Campbell Wilson confirmed the airline had gone to the leasing market with …

Air India's order for 470 jets at list price of $70 billion
1 year, 10 months ago

Air India's order for 470 jets at list price of $70 billion

The Hindu  

Tata group-owned Air India's order for a record 470 aircraft from Airbus and Boeing Co will be at a list price of $70 billion, Chief Executive Campbell Wilson said on February 27, as the airline seeks opportunities to expand in long haul international. Air India had, earlier this month, announced provisional deals for 220 planes from Boeing and 250 from …

From record jet deal to operation strategy: Air India CEO gives key insights into airline's future
1 year, 10 months ago

From record jet deal to operation strategy: Air India CEO gives key insights into airline's future

India Today  

A few weeks after Air India announced the biggest deal in the history of commercial aviation, the carrier’s CEO, Campbell Wilson, shared details about his experience at the airline, the significance of the 470-jet deal, future market strategy and its role in developing the country into a world class aviation hub. Domestic and international strategy Commenting on future strategy for …

India’s military, civil ambitions to dominate Aero India show
1 year, 10 months ago

India’s military, civil ambitions to dominate Aero India show

Live Mint  

India is scouting for billions of dollars worth of military planes, completing jetliner deals to meet civilian demand and pressing global aircraft manufacturers to produce more locally at a major air show this week. As the country prepares to host the Aero India show in Bengaluru from Monday, its airlines are expanding, with Air India expected to announce a potentially …

Air India places monumental order for approximately 500 planes from Airbus, Boeing: Report
1 year, 10 months ago

Air India places monumental order for approximately 500 planes from Airbus, Boeing: Report

India TV News  

In an effort to rebuild itself under its new owners, Air India has signed a massive contract for roughly 500 new planes worth more than $100 billion. Reportedly, this might be the airline's single-largest purchase ever as Air India is in a process to overhaul itself under the Tata Group with a fleet that is fuel-efficient. While the airline reached …

Air India signs agreement with Airbus, Boeing for largest purchase in history
1 year, 10 months ago

Air India signs agreement with Airbus, Boeing for largest purchase in history

Live Mint  

Air India Ltd. has signed agreements with Airbus SE and Boeing Co. for what could become the largest purchase of jetliners in commercial aviation history, as the carrier seeks to reinvent itself with a fuel-efficient fleet that can take on local low-cost rivals and powerful Gulf airlines like Emirates. Air India and its parent, Tata Group, spent months negotiating the …

Air India marks 1 year of privatisation, says average daily revenue has doubled
1 year, 11 months ago

Air India marks 1 year of privatisation, says average daily revenue has doubled

The Hindu  

On the occasion of the first anniversary of Tata Sons buying Air India from the government, the airline said it is in the process of finalising a “historic” order of new aircraft for future growth. Sharing data on the improvement in operational parameteres since January 27, 2022 when the government handed over the ownership and management of the airline, Air …

Air India inches closer to seal half of jumbo plane order
1 year, 11 months ago

Air India inches closer to seal half of jumbo plane order

Live Mint  

Air India will on Friday seal half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International, industry sources said, as its new owner seeks to revive the airline and compete with larger rivals. After months of closely guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 …

Tata's Air India to seal half of jumbo plane order with Boeing: Report
1 year, 11 months ago

Tata's Air India to seal half of jumbo plane order with Boeing: Report

India Today  

Air India will on Friday seal half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International, industry sources said, as its new owner seeks to revive the airline and compete with larger rivals. After months of closely guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 …

Tata’s Air India to seal half of jumbo plane order today
1 year, 11 months ago

Tata’s Air India to seal half of jumbo plane order today

Live Mint  

Air India will on Friday seal half of an order worth billions of dollars for some 495 jets with Boeing and engine suppliers General Electric and CFM International, two industry sources said, as its new owner seeks to revive the airline and compete with much larger rivals. After months of closely-guarded, tough negotiations, Air India is set to place an …

DC Edit | Good news in India’s skies
2 years, 1 month ago

DC Edit | Good news in India’s skies

Deccan Chronicle  

The merger of Vistara and Air India is good news for Air India. It may take a while for it to turn out to be good for the average Indian flier as the merger, by 2024, promises to make Air India a bigger entity as the country’s second biggest domestic carrier behind IndiGo. The synergy will bring an infusion of …

‘New airlines now being born rather than shutting down’: Jyotiraditya Scindia
2 years, 1 month ago

‘New airlines now being born rather than shutting down’: Jyotiraditya Scindia

Hindustan Times  

How do you see calendar year 2024 panning out for Indian aviation in terms of growth? We’re almost at pre-Covid level of 12 million per month as far as domestic air traffic is concerned. If you look at these five metros, you’re going to go from 190-200 million to almost 420 million passenger traffic over the next five to six …

US orders Air India to pay $121.5 million as passenger refunds and $1.4 million as fines
2 years, 1 month ago

US orders Air India to pay $121.5 million as passenger refunds and $1.4 million as fines

India TV News  

The US has ordered Tata-group-owned Air India to pay a whopping USD 121.5 million as refunds and USD 1.4 million as penalties for extreme delays in providing refunds to passengers due to the cancellation or change in flights, mostly during the pandemic, officials said. Air India is among the six airlines that have agreed to cough up a total of …

AirAsia sale is a step towards merger of three Tata airlines
2 years, 2 months ago

AirAsia sale is a step towards merger of three Tata airlines

Live Mint  

The holding company set up in February 2013 as a tie-up between Tony Fernandes with a minority share and Tata Sons with majority stake in the low-cost airline has announced that it is selling its remaining equity shares in AirAsia Private Limited to Air India. With Tata Sons now acquiring the remaining stake of about 13 per cent in AirAsia …

Air India buys balance stake held in AirAsia India by Malaysian group
2 years, 2 months ago

Air India buys balance stake held in AirAsia India by Malaysian group

The Hindu  

Air India has fully bought out budget carrier AirAsia India by purchasing the balance 16.3% stake held by Malaysia’s AirAsia Aviation Group in the Indian arm. The airline will now be “integrated” with Air India’s low-cost international arm Air India Express. “An operational review process is underway with a view to ultimately integrating AAI fully with Air India Express,” the …

Air India flags concern over deterioration of ground handling services
2 years, 6 months ago

Air India flags concern over deterioration of ground handling services

India Today  

Air India has written to AI Asset Holding Limited over the continued deterioration of ground handling services provided by Air India Airport Services Limited to Air India flights. Rajesh Dogra, Head of Customers' Experience and Ground Handling Operations, Air India wrote that if this continues, Air India will be forced to discontinue or scale down AIASL ground handling services for …

Air India plans to acquire 100% stake in AirAsia India, seeks approval from CCI
2 years, 8 months ago

Air India plans to acquire 100% stake in AirAsia India, seeks approval from CCI

Firstpost  

AirAsia India is majority-owned by Tata Sons Private Ltd with a shareholding of 83.67 per cent and the remaining stake is with AirAsia Investment Ltd, which is part of Malaysia’s AirAsia Group New Delhi: Tatas-owned Air India plans to acquire no-frills carrier AirAsia India and has sought approval from the Competition Commission of India for the proposed deal. AirAsia India …

Mumbai: Air India staff protest notice asking them to vacate their quarters
2 years, 8 months ago

Mumbai: Air India staff protest notice asking them to vacate their quarters

India Today  

Air India employees have refused to vacate flats after privatisation saying they want to continue their accommodation till retirement or an alternate arrangement should be made. George Abraham of Aviation Industry Employees Guild, an AI union, said that there are 950 families in the colony and 80 percent of tenants are employees of Air India Airport Services Limited and Air …

Air India back to Tatas: Who gets what
2 years, 11 months ago

Air India back to Tatas: Who gets what

India Today  

Tata group now owns Air India through its subsidiary Talace. As per a statement issued on Thursday, Tata group now owns Air India, Air India Express and Air India SATS Airport Services Pvt Ltd. Speaking to reporters on Thursday, Tata Sons chairman N Chandrasekaran said, "We are excited to have Air India back in the Tata group and are committed …

Air India handed over to Tata Group | Top points
2 years, 11 months ago

Air India handed over to Tata Group | Top points

India Today  

The government on Thursday officially handed over Air India to the Tata group. The strategic disinvestment transaction of Air India successfully concluded today with the transfer of 100 per cent shares of Air India to Talace Pvt Ltd along with management control. EFFECTIVE DISINVESTMENT OF AIR INDIA Union Minister Jyotiraditya Scindia said it is indeed noteworthy that the disinvestment process …

Tatas back in Air India cockpit
2 years, 11 months ago

Tatas back in Air India cockpit

The Hindu  

The Union government on Thursday transferred its shares in Air India, along with control and management, to Tata Sons subsidiary, Talace, ending a disinvestment process that started five years ago and saw a failed attempt. The transaction covers Air India, Air India Express and the government’s entire 50% stake in a joint-venture ground handling company AI SATS. I warmly welcome …

Air India Divestment Complete: As Maharaja Returns to Tata Cockpit, Here's a Timeline of Major Events
2 years, 11 months ago

Air India Divestment Complete: As Maharaja Returns to Tata Cockpit, Here's a Timeline of Major Events

News 18  

Air India Divestment: The Tata Group has formally acquired Air India on January 27, Thursday. March 8, 1948: The government of independent India buys 49 per cent stake at Air India and the company again goes through a name change — this time becoming Air India International. 1978: The Moraji Desai government asks Chairman JRD Tata to resign from his …

Air India likely to be handed over to Tata Group today: Timeline
2 years, 11 months ago

Air India likely to be handed over to Tata Group today: Timeline

Hindustan Times  

Air India is expected to be handed over to the Tata Group on Thursday. Here's a look at the previous attempts at privatisation: 2001: The Atal Bihari Vajyapee-led National Democratic Alliance government tried to sell a minority stake in order to raise funds. 2007: Congress-led UPA government decided to merge Air India and its subsidiary Indian Airlines to curb financial …

Explained: What happens after Air India's handover to Tata group
2 years, 11 months ago

Explained: What happens after Air India's handover to Tata group

India Today  

The central government is all set to hand over Air India to the Tata group on January 27. Air India’s closing balance sheet as of January 20 has already been handed over to the Tata group for review and any changes have to be made by Wednesday. Air India’s transfer from the government to Tata group is unlikely to affect …

Air India to be handed over to Tata group on January 27
2 years, 11 months ago

Air India to be handed over to Tata group on January 27

India Today  

Air India will be handed over to founder Tata group on January 27 after the disinvestment process got slightly delayed. “I seek the cooperation of one and all.” The government confirmed the 100 per cent sale of Air India to Talace Private Limited, which is a subsidiary of the Tata group’s holding company, for Rs 18,000 crore on October 8, …

Air India likely to be handed over to Tata group by weekend
2 years, 11 months ago

Air India likely to be handed over to Tata group by weekend

Deccan Chronicle  

New Delhi: Air India is likely to be handed over to the Tata group by the end of this week, senior government officials said on Monday. After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited -- a subsidiary of the Tata group's holding company -- for Rs 18,000 crore. …

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

Opinion | No dearth of privatisation critics but Centre must go ahead with PSU sale in 2022
3 years ago

Opinion | No dearth of privatisation critics but Centre must go ahead with PSU sale in 2022

Firstpost  

Just like the strategic sale of Balco in 2001, when the government sold its 51 percent equity in the aluminum major, galvanised privatisation in the country, Air India sale has the potential of accelerating the pace of disinvestment. From Air India privatisation and other minority stake sales, the government has mopped up Rs 9,240 crore, according to the Department of …

Government to clear all Air India debt this fiscal
3 years, 1 month ago

Government to clear all Air India debt this fiscal

The Hindu  

Air India will pay back all its debt and dues owed to banks, oil companies, airports and aircraft lessors by the end of this financial year, a senior government official said. On Friday, the government sought Parliament’s approval for infusion of ₹62,057 crore into its company or special purpose vehicle that hosts Air India’s residual debt, liabilities and some assets. …

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

Air India: Sold for a song
3 years, 2 months ago

Air India: Sold for a song

The Hindu  

Legend has it that when J.R.D. The return comes 68 years after Prime Minister Jawaharlal Nehru nationalised nine airlines through the Air Corporations Act, 1953, including Air India, in which the Tatas held a 25 per cent stake. Of the Rs.18,000 crore, Rs.15,300 crore, or 85 per cent, will go towards servicing Air India’s accumulated debt, which as of August …

Clear all dues to Air India ‘immediately’, Ministries told
3 years, 2 months ago

Clear all dues to Air India ‘immediately’, Ministries told

The Hindu  

The Finance Ministry on Wednesday scrapped a standing order requiring officials to travel only by the national carrier Air India and asked government departments to remit dues to the airline ‘immediately’ in view of its proposed sale to the Tata group. Stressing that Air India and Air India Express have stopped extending ‘credit facility’ for ticket purchases by Ministries, the …

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

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

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