Government making all efforts to complete Air India disinvestment process by December-end: Rajiv Bansal
3 years, 3 months 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 ₹15,300 crore and the remaining ₹46,262 crore will be transferred to Air India Assets Holding Limited Besides, non-core assets of Air India, including land and building, valued at ₹14,718 crore, are also being transferred to AIAHL. In 2019, the government set up a special purpose vehicle – AIAHL – for holding debt and non-core assets of the Air India group.

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History of this topic

Air India enhances fleet with 300 aircraft, aiming for global expansion by 2025
2 months, 3 weeks ago

Air India enhances fleet with 300 aircraft, aiming for global expansion by 2025

Hindustan Times  

Air India has covered a lot of ground since privatisation and its global coverage will further increase in the years ahead, the airline's chief Campbell Wilson said on Wednesday. In his New Year message, Wilson said these mergers and new aircraft deliveries have taken Air India Group's fleet to 300 aircraft, allowing it to expand to over 100 domestic and …

AI sees growth from domestic, short international flights in 2025: CEO Campbell Wilson
3 months, 3 weeks ago

AI sees growth from domestic, short international flights in 2025: CEO Campbell Wilson

The Hindu  

Air India will see most of the air traffic growth coming from domestic and short-haul international operations in 2025 as more narrow-body planes are joining the fleet and legacy wide-body aircraft will be going for retrofit next year, the airline's chief Campbell Wilson said on Thursday, November 28, 2024. "Once it starts in 2025, we will be doing 3-4 aircraft …

Air India to increase fleet size by a third to 400 planes by 2027: CEO
3 months, 3 weeks ago

Air India to increase fleet size by a third to 400 planes by 2027: CEO

Live Mint  

Tata Sons-owned Air India is aiming to increase the group's fleet capacity by a third to 400 aircraft by 2027, its chief executive Campbell Wilson said on Thursday. On 12 November, Air India completed its much-awaited merger with Vistara to create an integrated airline, partly owned by Singapore Airlines, that will be flying 120,000 passengers daily and connect more than …

Deal to create one of world’s largest airline groups gets regulator approval
6 months, 3 weeks 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
6 months, 3 weeks 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
9 months, 2 weeks 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
10 months, 1 week 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, …

After decades of decline, Air India is betting billions on a comeback
10 months, 2 weeks 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 …

Centre approves transfer of Air India building to Maharashtra govt for ₹1,601 cr
1 year ago

Centre approves transfer of Air India building to Maharashtra govt for ₹1,601 cr

Hindustan Times  

New Delhi: The Union government has decided to transfer the ownership of the iconic Air India building in Mumbai to the Maharashtra state government for Rs.1,601 crore, besides waiver of old dues payable to the state amounting to about Rs.300 crore, an official aware of the matter said on Thursday. Air India building is located on Mumbai’s Nariman Point area …

Govt likely to push for Air India units’ stake sale in FY25
1 year, 1 month 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 …

New Air India by 2025-end: CEO Campbell Wilson
1 year, 5 months ago

New Air India by 2025-end: CEO Campbell Wilson

Live Mint  

“We’re very confident that we’re in the right place for full service being long-haul, medium-haul international. Domestically, it’s quite clear that the market is most appropriate for low-cost, which is why we have Air India Express that will form the bulk of our domestic flights as well as some short-haul international," Wilson said in an interview on Monday. The Tata …

‘A passenger boarding Air India must be pleasantly surprised’: CEO Campbell Wilson
1 year, 9 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, 10 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 …

Air India seeks lessor jet delivery financing after record order
2 years 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 to boost its fleet with the purchase 470 Boeing and Airbus planes
2 years, 1 month ago

Air India to boost its fleet with the purchase 470 Boeing and Airbus planes

Op India  

Air India, India’s flagship carrier and part of the Tata Sons conglomerate, today announced that it had signed letters of intent with Airbus and Boeing to acquire both widebody and single-aisle aircraft. Commenting on the occasion, Tata Sons and Air India Chairman, N Chandrasekaran, said “Air India is on a large transformation journey across safety, customer service, technology, engineering, network …

Air India places monumental order for approximately 500 planes from Airbus, Boeing: Report
2 years, 1 month 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
2 years, 1 month 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
2 years, 1 month 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 …

Tata's Air India to seal half of jumbo plane order with Boeing: Report
2 years, 1 month 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
2 years, 1 month 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 …

Air India resets as it finishes one year under the Tata fold
2 years, 1 month ago

Air India resets as it finishes one year under the Tata fold

Live Mint  

New Delhi: Tata Group took over the operations of Air India a year ago—on 27 January 2022—marking the beginning of a new chapter for the carrier. The government’s handover of Air India to Tata Group marked the end of the tedious process involved in the sale of the debt-laden airline. In November, the group also announced that Vistara, a 51:49 …

DC Edit | Good news in India’s skies
2 years, 3 months 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 …

India’s Tata Group to merge Air India with Vistara airlines
2 years, 3 months ago

India’s Tata Group to merge Air India with Vistara airlines

Al Jazeera  

The merger will create a bigger full-service carrier that will strengthen Tata Group’s presence in domestic and international skies. Indian conglomerate Tata Group is merging Air India with Vistara, its joint venture with Singapore Airlines, to create a bigger full-service carrier that will strengthen its presence in domestic and international skies. Tata Group Chairman Natarajan Chandrasekaran said the merger was …

Tata Group to merge its airlines- Vistara and Air India by March 2024
2 years, 3 months ago

Tata Group to merge its airlines- Vistara and Air India by March 2024

India TV News  

Singapore Airlines on Tuesday announces the merger of Vistara and Air India by March 2024. "This would give SIA a 25.1 per cent stake in an enlarged Air India group with a significant presence in all key market segments. It will be business as usual during integration process: Vistara CEO Soon after Tata group announced the merger of Vistara and …

‘New airlines now being born rather than shutting down’: Jyotiraditya Scindia
2 years, 3 months 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 …

Tata to merge carriers under Air India, Nix Vistara brand: Report
2 years, 4 months ago

Tata to merge carriers under Air India, Nix Vistara brand: Report

Hindustan Times  

Tata Group is considering a plan to integrate its four airline brands under Air India Ltd., people with knowledge of the matter said, as the sprawling company prepares to rebuild its faltering aviation empire. Air India is also in discussions to raise at least $1 billion in a funding round that could value the carrier at around $5 billion India’s …

Tatas evaluating options to consolidate AirAsia India, Vistara under Air India
2 years, 6 months ago

Tatas evaluating options to consolidate AirAsia India, Vistara under Air India

Deccan Chronicle  

MUMBAI: The Tata Group has started an exercise to evaluate options to consolidate AirAsia India and Vistara under Air India to bring operational synergies among the three airlines under its umbrella, sources said. The team will evaluate synergies in operations between Air India Express and AirAsia India as well as between Air India and Vistara, they said. Tata Group took …

Air India flags concern over deterioration of ground handling services
2 years, 8 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, 10 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 …

Air India proposes to acquire AirAsia India
2 years, 10 months ago

Air India proposes to acquire AirAsia India

India TV News  

Air India proposes to acquire AirAsia India AirAsia India, which started flying in June 2014, offers scheduled air passenger transport, air cargo transport and charter flight services in the country. Highlights An approval from the Competition Commission for the proposed deal is pending AirAsia India is majority-owned by Tata Sons Private Ltd with a shareholding of 83.67% The remaining stake …

What challenges await the Tatas and Air India?
3 years, 1 month ago

What challenges await the Tatas and Air India?

The Hindu  

The strategic disinvestment of the erstwhile national carrier Air India was completed on January 27 this year. Having taken over Air India’s operations, the winning bidder, Tata Sons faces the challenge of making the carrier profitable toggling through the several operational mandates, it agreed upon during the bidding process. ₹ 1.10 lakh crore since FY 2009-10, Mr. Pandey had mentioned …

Tata chief: Air India will be made world-class
3 years, 1 month ago

Tata chief: Air India will be made world-class

Hindustan Times  

The goal is to make Air India the world class airline it deserves to be, Tata Sons chairman N Chandrasekaran told employees of the newly acquired carrier during a virtual staff address on Wednesday. “We want Air India to be a world class airline as it deserves to be and best in customer service. The ministry of finance on Wednesday …

Tata Sons appoints Ilker Ayci as CEO, MD of Air India
3 years, 1 month 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 …

What are the challenges facing Air India after acquisition by Tatas?
3 years, 1 month ago

What are the challenges facing Air India after acquisition by Tatas?

Business Standard  

It appears that the JRD’s silent prayer has been answered. Air India also had about Rs 15,000 crore excess liabilities towards unpaid fuel bills and other operational creditors. But as Air India takes off to reclaim its lost glory under the Tata Group, it will face turbulence in the form of major challenges that need to be addressed. While Air …

Air India back to Tatas: Who gets what
3 years, 1 month 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 …

INTERVIEW: Scindia assures Air India will regain lost place; Wishes new owners
3 years, 1 month ago

INTERVIEW: Scindia assures Air India will regain lost place; Wishes new owners

Hindustan Times  

INTERVIEW: Scindia assures Air India will regain lost place; Wishes new owners A day after the Tatas officially took over Air India, Civil Aviation Minister Jyotiraditya Scindia has now said that a historical wrong step has been corrected. In an exclusive interview to Hindustan Times, Scindia wished the new owners of the airline 'All the best' and said that Air …

Air India back with Tatas
3 years, 1 month ago

Air India back with Tatas

Deccan Chronicle  

New Delhi: The ‘Maharaja’ officially came home after 69 years as the government, on Thursday, handed over the national carrier Air India to the Tata Group. The shares have been transferred to Talace Pvt Ltd, which is the new owner of Air India.” On an emotional note, Ratan Tata, Tata Group’s Chairman Emeritus said that Air India under the leadership …

‘Delighted it’s back’: Tata group takes over Air India
3 years, 1 month ago

‘Delighted it’s back’: Tata group takes over Air India

Hindustan Times  

Tata Sons took control of Air India from the government on Thursday, the formal homecoming for India’s first airline born in the company in 1932 before it was nationalised nearly 70 years ago and began a turbulent journey that pushed its economic viability to the brink. “We are excited to have Air India back in the Tata Group and are …

Air India Returns to Tata: What Does Maharaja's Handover to Tata Group Mean?
3 years, 1 month ago

Air India Returns to Tata: What Does Maharaja's Handover to Tata Group Mean?

News 18  

Tata group has officially taken over Air India from the government on Thursday, nearly 69 years after it was taken from the conglomerate. Air India’s transfer from the government to Tata group is unlikely to affect operations drastically, at least for the first few months. Tata’s Love for aviation It may be noted that 100 per cent of Air India …

Tata Takes Over Air India: Global Expat CEO, Enhanced Flight Services, What Changes for Maharaja
3 years, 1 month ago

Tata Takes Over Air India: Global Expat CEO, Enhanced Flight Services, What Changes for Maharaja

News 18  

The Tata Group is all set to operate Air India officially from Thursday, January 27 as the divestment process was successful, according to repots. The divestment process comes months after the Tata Group acquired Air India by placing a bid of Rs 18,000 crore after the government sought to sell 100 per cent stake of the erstwhile national carrier. The …

Tata Group takes over Air India, credits PM Modi's commitment to reforms
3 years, 1 month ago

Tata Group takes over Air India, credits PM Modi's commitment to reforms

Hindustan Times  

Air India on Thursday came back to the Tata Group as the historic divestment process was finally completed with all formalities concluding successfully. Chairman of Tata Sons N Chandrasekharan met Prime Minister Narendra Modi as the officials started the final handover procedure at the Air India office in New Delhi. The Tata Group issued a statement acknowledging PM Modi's commitment …

Air India handed over to Tata Group | Top points
3 years, 1 month 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 …

Government notifies Air India asset transfer agreement with AIAHL; stage set for AI handover to Tata Group
3 years, 1 month ago

Government notifies Air India asset transfer agreement with AIAHL; stage set for AI handover to Tata Group

Firstpost  

In October 2021, Tatas beat the Rs 15,100-crore offer by a consortium led by SpiceJet promoter Ajay Singh and the reserve price of Rs 12,906 crore set by the government for the sale of its 100 per cent stake in the loss-making carrier New Delhi: The government has notified the agreement between Air India and special purpose vehicle AIAHL for …

Tatas back in Air India cockpit
3 years, 1 month 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 …

Tata to offer ‘enhanced' meals on flights as first move in Air India takeover
3 years, 1 month ago

Tata to offer ‘enhanced' meals on flights as first move in Air India takeover

Hindustan Times  

As a first step in the process of Air India takeover, the Tatas introduced an “enhanced meal service” in four flights operating from Mumbai on Thursday. The Centre aims to complete the Air India disinvestment process to the Tata Group on January 27. Although the Air India flights will not be flying under the Tatas' banner just yet, it is …

Tata Sons chairman Chandrasekaran meets PM Modi ahead of Air India handover
3 years, 1 month ago

Tata Sons chairman Chandrasekaran meets PM Modi ahead of Air India handover

India TV News  

Highlights Air India is set to be officially handed over to Tata Group, after a long journey of 69 years Tata Sons Chairman N Chandrasekhar is likely to meet PM Modi ahead of Air India takeover A formal announcement from the Tata Group regarding the official handover process will be made today N Chandrasekaran, the Chairman of Tata Sons met …

Tata regains Air India control after years of taxpayer bailouts
3 years, 1 month ago

Tata regains Air India control after years of taxpayer bailouts

Al Jazeera  

The deal marks a homecoming for Air India, which was originally launched in 1932 by Tata Group former Chairman JRD. Tata Sons Pvt formally took charge of debt-laden Air India Ltd., ending years of failed attempts to sell the money-losing airline that has been kept afloat with billions of dollars of taxpayer money. The move also marks a homecoming for …

Air India likely to be handed over to Tata Group today: Timeline
3 years, 1 month 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 …

Air India to be handed over to Tata group on January 27
3 years, 1 month 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
3 years, 1 month 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. …

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