'This Budget has a one-year agenda, which you can call the sprint, and the marathon is towards Viksit Bharat.'
Prime Minister Narendra Modi accused the TMC government in West Bengal of patronizing infiltration, leading to demographic changes and riots. He reassured refugees and promised action against illegal migration if the BJP comes to power.
'Tata Group is excited to work together to make Air India the airline of choice in terms of passenger comfort and service'. This is an audio message from Ratan Tata played onboard some Air India flights. Tata Group completed the takeover of the loss-making Air India on January 27.
Air India chief Campbell Wilson on Friday said that a majority of pilots have accepted the new compensation package offered last week, amid protests by Air India pilots' unions against the revised salary structure and service conditions. The loss-making airline, which was taken over from the government by the Tata Group in January 2022, has announced a new compensation package for pilots and cabin crew. In his weekly message to Air India staff on Friday, Campbell said the airline is making investments in workplace technology and training as well as in new and improved employee benefits.
Prime Minister Narendra Modi condemned the violation of Qatar's sovereignty following Israeli air strikes on Doha, targeting Hamas leaders. He conveyed India's deep concern to the Emir of Qatar and reiterated support for peace and stability in the region.
External Affairs Minister S Jaishankar on Tuesday said India is concerned about the recent developments in Venezuela, marking the first strong public statement after the latest United States actions in the South American country.
But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay.
In the second phase, the single-use plastic will be banned in all Air India flights.
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.
The average number of flights the Air India group, including subsidiaries Alliance Air and Air India Express, operates daily is 674.
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.
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.
Her team scour platforms and trains, looking out for vulnerable children accompanied by adults who look or behave suspiciously or whose presence makes the child uncomfortable. They also look out for children travelling alone. 'We watch, listen and talk. All this is done tactfully and sensitively because we are dealing with young children.'
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.
'India is giving selective traffic rights wherever it makes sense to allocate those traffic rights.'
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.
India has advised its citizens to defer travel to Nepal due to ongoing unrest and anti-government protests. The Ministry of External Affairs has also urged Indian citizens currently in Nepal to exercise caution and avoid public areas.
The acquisition will give the Tatas a firm footing on international routes and generate economies of scale.
Ram Vilas Vedanti, a prominent leader in the Ram Janmabhoomi movement and former Bharatiya Janata Party MP, died of a heart attack at the age of 67 in Rewa, Madhya Pradesh. His last rites will be performed in Ayodhya.
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.
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.
This is a setback for the divestment process of Air India as no other Indian airline has the capability to fund the process
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.
United States President Donald Trump reiterated the claims of having to do 'something' about Greenland, saying that if US doesn't take any action, Russia and China would spring in and that Washington, DC does not want to have them as neighbours.
The operations of many global carriers, including Qatar Airways, have also been impacted due to the airspace curbs in the wake of the Middle East tensions.
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.
More than 300 flights have been cancelled and at least 25 airports, including Srinagar, have been temporarily shut for operations amid restrictions in the wake of the armed forces launching missile attacks on terror targets in Pakistan on Wednesday morning.
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.
It's too big to digest as one whole airline.'
The new owner may be allowed to dispose of assets accruing from the 10-26 per cent of the net assets of the company.
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.
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.
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.
"Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage," DIPAM Secretary Tuhin Kanta Pandey tweeted.
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.
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 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.
The Boeing 737-800 aircraft had 184 passengers onboard and all are safe, an airline spokesperson said.
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