The airline, which was formed through a merger of international carrier Air India and domestic carrier Indian Airlines announced in 2007, has accumulated losses of Rs 4,334 crore till March 31, of which fiscal 2008-09 will account for almost Rs 3,000 crore.
The Union government is planning to appoint advisors for kick-starting the process for initial public offer of Air-India and Indian Airlines expected to hit the market later this fiscal.
Air India said it has also written to the Shiv Sena communicating the decision to cancel the ticket. Shiv Sena Secretary Anil Desai said that he has asked Gaikwad to change his travel plans as the party doesn't want the tensions to escalate.
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.
Pannun, the self-proclaimed general counsel of "unlawful association" SFJ, released the video messages on social media platforms on November 4.
Paving the way for Air India's entry into the largest global airlines' grouping, Star Alliance today unanimously decided to recommence the national carrier's integration process that was suspended in 2011.
It's too big to digest as one whole airline.'
Each aircraft will cost about $50 million and the purchase is being funded by the US-based Exim Bank. The airline operates 143 flights a week from Indian cities to 12 destinations in the Far East and West Asian countries. In its fourth year of operation, the international budget carrier now has 11 fully owned aircraft, while seven are on lease, which will expire in 2010.
'The crash site must be secured because something small -- like a pipe or hydraulic line -- could hold a critical clue.'
The move follows the recent probe report by the United States National Transportation Safety Board (NTSB) that highlighted safety concerns involving Boeing 737 aircraft equipped with Collins Aerospace SVO-730 Rudder Rollout Guidance Actuators.
Cooking oil is often discarded after being used for frying at home or in restaurants. However, a refinery of IndianOil has now won a certification to use the same oil to produce sustainable aviation fuel (SAF), the company chairman Arvinder Singh Sahney said.
The crash has dealt a blow to the conglomerate's efforts to turn around Air India, especially following its merger with Vistara in 2024.
'We consider everyone who lost someone in this tragedy as part of our family -- now and forever.'
Indian airlines are expected to post a consolidated loss of $4.1 billion this fiscal, similar to what they are estimated to have incurred in 2020-21, taking the total losses of two years to around $8 billion as a result of the pandemic so far, aviation consultancy and research firm CAPA said on Thursday. In a report, CAPA expects domestic passenger traffic to be around 80-95 million in 2021-22 as against 52.5 million in the previous financial year. However, despite this growth, it will be well below than around 140 million passenger volumes recorded in 2019-20, CAPA said in the report. This projection of the traffic volume does not take into account the anticipated third wave of the pandemic, it added.
Falling jet fuel prices and a revival in domestic traffic growth offer the new CMD a once in a lifetime opportunity.
Passengers complained of last-minute alerts, lack of communication and long queues as flight operations continued to be hit nationwide.
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
Vasant Shinde, a former municipal council president of Jintur in Parbhani district, told PTI that he survived the 1993 tragedy, in which 55 people lost their lives, as the aircraft flew into an 11 KV powerline, which fortunately did not have any supply.
Starting this October, Air India Express will fly Cochin-Chennai, Cochin-Hyderabad, Cochin-Bangalore, Bangalore-Chennai, Chennai-Kolkata, Hyderabad-Kolkata and Kolkata-Agartala.
In its first move to significantly expand the fleet after the Tatas took over, Air India has leased 25 Airbus narrow-body aircraft and five Boeing wide-body planes. These will enter service starting December, the company said on Monday. A wide-body plane has a bigger fuel tank, allowing it to travel longer distances such as India-US routes.
'It is very clear that Air India cannot be managed by the government.' 'Air India should be run as a separate profit entity.'
The airline said it has filed a police complaint about the incident, but did not specify when the 30-day ban came into effect.
Indian airline companies are likely to announce the suspension of flight operations to and from Tel Aviv, Israel, amid rising tensions between Iran and Israel.
The nationality of the passengers onboard will define the minimum liability applicable to the airline operator as per the Montreal Convention, Prudent Insurance Brokers vice president (aviation & specialty lines) Hitesh Girotra said.
Two unions representing Air India pilots have asked members not to accept the revised compensation and employment offer, calling the company's proposals "unfair labour practices." They said any coercion on pilots to sign the offer would lead to industrial unrest. The Tata group airline announced on Monday a new salary structure for pilots and cabin crew.
Air India had planned to launch the service in October but had to defer it as two of its cargo aircraft had to be sent for mandatory checks following an advisory from the Federal Aviation Administration, the official said. These aircraft are expected to join the fleet shortly along with one Airbus A310-200 configured freighter next month, the official said.
Corporate India is embarking on an ambitious investment drive, with capital expenditure (capex) expected to double to $850 billion over the next five years, according to a report by S&P Global Ratings. Indian power & transmission, airlines, and green hydrogen sectors would spearhead the spending, the report said.
According to airline sources, the software, which is of Atlanta-based SITA company, was not functioning approximately from 3 am to 9 am on Saturday. Consequently, boarding passes could not be issued at major airports across the world and various flights were delayed.
The Indian Commercial Pilots Association (ICPA), the non-executive pilots' body of erstwhile Indian Airlines, on Wednesday said that it will not accept any pay cut proposed by the management.
The United States has described as "discriminatory and restrictive" the Indian government not allowing American carriers operate chartered flights on Indo-US routes even though Air India was doing so under the Vande Bharat Mission.
Nearly two months after the urination incident on its New York-New Delhi flight, Air India on Tuesday said it has closed the internal probe into the case and will assist the flight's pilot-in-command with an appeal against the suspension of his licence by DGCA as the airline deems the action as "excessive".
The Air India board is likely to give its approval to the appointment of global consultancy firm, Booz Allen and Company, for its cost restructuring plan.
Air India will purchase 220 planes from Boeing for $34 billion, with an option to buy 70 more aircraft that could take the total transaction value to $45.9 billion, a deal that US President Joe Biden described as a "historic agreement". While announcing the Boeing-Air India deal on Tuesday, Biden also asserted that together with Prime Minister Narendra Modi, he was looking forward to deepen the ties between India and the US. As per an announcement from the White House, Boeing and Air India have reached an agreement under which the airline will purchase 190 B737 MAX, 20 B787, and 10 B777X for a total of 220 firm order valued at $34 billion at list price.
National carrier Air India, which will soon be merged with Indian Airlines, may partner Cochin International Airport for setting up an airframe maintenance, repair and overhaul facility near the Kochi airport, Kerala.
A section of Air India employees have deferred its proposed strike from December 22 following an assurance from the NACIL management to look into their grievances. The employees owing allegiance to the Air Corporation Employees Union (ACEU), which is one of the unions of the erstwhile Indian Airlines, had on December 7 threatened to go on strike from December 22 alleging that the management had violated a conciliation pact signed with its representatives.
The NCDRC gave its order dismissing Air India's appeal against the Tamil Nadu state consumer commission, which had upheld a Chennai district consumer forum's order to pay the compensation.
Names and names and names and names... 329 in all. Some Indian. Some Canadian. Some British. Berry. Gupta. Jain. James. Bhatt. Beauchesne. Chatlani. Enayati. Lougheed.... Vaihayasi Pande Daniel visits Ahakista, Ireland, home to the memorial for the worst terrorist atrocity in India's history.
The Dharmadhikari committee on pay fixation and promotion issues in government-owned Air India says minimal pay increments should be given till the airline makes an operating profit.
India's Air Chief Marshal A P Singh met Prime Minister Narendra Modi on Sunday to discuss the security situation arising from escalating tensions with Pakistan. The meeting comes after a similar briefing by the Navy Chief on the situation in the Arabian Sea. This follows a deadly terror attack in Pahalgam, which India has blamed on Pakistan. India has taken several retaliatory measures, including suspending the Indus Waters Treaty and banning imports from Pakistan.
The Indira Gandhi International Airport in the national capital is the country's busiest airport and RWY refers to runway.
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