The government on Wednesday asked ministries and departments to clear dues of debt-laden Air India immediately and henceforth purchase tickets only in cash. The government earlier this month decided to sell Air India to Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate Tata group, for Rs 18,000 crore. The Department of Expenditure, under the Finance Ministry, in a 2009 order, had said that in cases of air travel (both domestic and international), including LTC where the Government of India bears the cost of air passage, the officials may travel only by Air India.
In the second phase, the single-use plastic will be banned in all Air India flights.
The Tata group-owned Air India will induct over 90 aircraft in two years as it looks to widen its footprint and grab a larger market share. The plan includes 56 planes from the mega aircraft order that the airline has now finalised with Airbus and Boeing. These will be in addition to previously announced leases of 36 planes that include Airbus A320Neo, A321Neo, and Boeing 777 aircraft.
The average number of flights the Air India group, including subsidiaries Alliance Air and Air India Express, operates daily is 674.
President Droupadi Murmu undertook a sortie in a Rafale fighter jet from the Air Force Station in Ambala. This follows a previous sortie in a Sukhoi-30 MKI fighter aircraft in April 2023.
Expressing concern over the on-going strike of Air India pilots, Opposition today demanded "bold initiatives" from the government to end the impasse and demanded a response from Civil Aviation Minister Ajit Singh.
Indian airlines are likely to face additional weekly expenses of Rs 77 crore for international flights operated from north Indian cities as the airspace curbs result in increased fuel consumption and longer flight duration. An analysis of the number of overseas flights and back-of-the-envelope calculations based on increased flight time as well as approximate expenses by PTI showed that the additional monthly operational costs could be over Rs 306 crore.
The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets, ahead of the national airline's takeover by the Tata Group. The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of national carrier Air India for Rs 18,000 crore. The Tata Group is expected to take full control of the airline, it founded in 1932, on Thursday. The cash component of the deal would come once the handover process is completed. The Tata Group would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
It will be too premature to draw conclusions on the role of pilots from the preliminary investigation report into the fatal crash of Air India plane last month and the final report will mention about the most probable cause for the accident, former Aircraft Accident Investigation Bureau (AAIB) chief Aurobindo Handa said on Sunday.
The acquisition will give the Tatas a firm footing on international routes and generate economies of scale.
Salt-to-software conglomerate Tata group was among "multiple" entities who on Monday put in preliminary bids for buying the government's stake in loss-making carrier Air India.
The development comes as relations between the two countries showed marked improvement following the four-day military conflict between Pakistan and India in May.
The government on Monday issued a letter of intent (LoI) confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group for Rs 18,000 crore, a senior official said. Last week, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate, to pay Rs 2,700 crore in cash and takeover Rs 15,300 crore of the airline's debt. Subsequent to that, an LoI has now been issued to Tata confirming the government's willingness to sell its 100 per cent stake in the airline.
This is a setback for the divestment process of Air India as no other Indian airline has the capability to fund the process
The truth about what triggered the fatal crash of the Dreamliner should not only help bring the guilty to book, but also outline the future course of action in aviation safety, notes Nivedita Mookerji.
Air India Boeing 787-8 crash in Ahmedabad has brought back all traumatic memories.
'Other than blaming the pilot, there is zero accountability.'
Four Air India pilots have resigned and five have taken voluntary retirement while 10 pilots of Air India Express have left their job, seven last year and three this year, since January 2012, Minister of State for Civil Aviation K C Venugopal said in a written reply in the Rajya Sabha.
Air-India is planning to acquire six long-range aircraft on lease to meet its route expansion demand. The national carrier will also acquire three more aircraft on lease for its low cost airline Air-India Express.
Former Civil Aviation Minister and senior NCP leader Praful Patel on Wednesday questioned the "silence" of Singapore Airlines over the horrific crash of an Air India Boeing 787-8 Dreamliner in Ahmedabad last week.
Tata Group's takeover of loss-making national carrier Air India is most likely delayed by a month till January as the completion of procedures taking longer than expected, an official said on Monday. In October, the government accepted the highest bid made by a Tata Sons company for 100 per cent equity shares of Air India and Air India Express along with its 50 per cent stake in ground-handling company AISATS -- the first privatisation in 20 years. At that time, the government had stated that it wanted to complete the transactions, which included Tatas paying Rs 2,700 crore in cash, by December end.
The airline's 100 per cent shareholding in profit-making budget carrier Air India Express as well as 50 per cent shareholding in equal joint venture Air India SATS Airport Services would also be sold.
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. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt. Following that, on October 11 a Letter of Intenet (LoI) was issued to the Tata Group confirming the government's willingness to sell its 100 per cent stake in the airline.
In the message posted by Tata Group on X, he also said the group will cover the medical expenses of those injured and ensure that they receive all necessary care and support.
'...rectification has to happen then and there, and that takes additional time.'
A group of 219 employees of Air India along with a private financial institution have submitted an expression of interest (EOI) for the national carrier.
Members of the Indian cricket fraternity expressed deep sorrow and extended heartfelt condolences to the victims and their families on Thursday after a London-bound Air India flight crashed shortly after takeoff in Gujarat's Ahmedabad.
It's too big to digest as one whole airline.'
With better utilisation of slots, foreign flying rights, and greater international connections, the operator of India's largest airport feels a privatised Air India will bring commercial benefit to Delhi airport and help it revive quicker from the pandemic shock. Delhi is the largest hub for Air India, with most of its long-haul flights to the US and Europe being operated from here. The airport plans to give its most modern terminal 3 (T3) exclusively to the Tata Group.
The new owner may be allowed to dispose of assets accruing from the 10-26 per cent of the net assets of the company.
"Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage," DIPAM Secretary Tuhin Kanta Pandey tweeted.
Air India owns 32 aircraft, and has 37 aircraft on finance lease; Air India Express owns 17 aircraft on finance lease. The aircraft-related debt of Air India is Rs 16,000 crore; it's Rs 1,100 crore for Air India Express.
The Federation of Indian Pilots (FIP) has expressed concerns over the preliminary investigation report on the Air India Boeing 787 plane crash, calling it premature and irresponsible to assign blame before a thorough investigation.
The Noida International Airport (NIA), being developed as a greenfield aviation hub in Jewar, Gautam Buddh Nagar, is on track to begin operations by the end of this year.
A consortium of lenders led by State Bank of India (SBI) has agreed to provide loans to Tata Group for the smooth operations of loss-making Air India. Tata Group, which won the bid to acquire the national carrier along with Air India Express and 50 per cent stake in AISATS in October last year, is expected to formally takeover the airline on Thursday. Sources said the SBI-led consortium has agreed to grant both term loans and working capital loans depending on the airline's requirements. All large lenders, including Punjab National Bank, Bank of Baroda, and Union Bank of India, are part of the consortium, they added.
'Who tried engine relight?' 'If the first officer was the one flying at takeoff, the captain may have taken control immediately post-thrust loss.' 'But the AAIB report doesn't clarify any of this.'
Air India pilots said Ahmedabad airport has long been known for bird activity near the runway, which could have contributed to the incident.
India Post has suspended all mail operations to the US due to a lack of clarity regarding new customs regulations imposed by the US Customs Department. The suspension affects all categories of mail, including letters, documents, and gift items.
The Boeing 737-800 aircraft had 184 passengers onboard and all are safe, an airline spokesperson said.
The government in January restarted the divestment process of Air India and invited bids for selling 100 per cent of its equity in the state-owned airline, including Air India's 100 per cent shareholding in AI Express Limited and 50 per cent in Air India SATS Airport Services Private Ltd.
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