Baghaei also alleged that recent unrest in Iran was fuelled by foreign interference, claiming riots were triggered by "very evident" interventionist remarks by US and Israeli officials.
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.
J R D Tata and Air India... Mrigank Warrier explores one of India's eternal love stories.
The apex auditor is busy preparing a report on the Air India-Indian Airlines merger and modernisation of airports through public-private-partnerships, both carried out during the previous term of the United Progressive Alliance government.
The CBI today registered three FIRs and a preliminary enquiry to probe alleged irregularities in Indian Airlines-Air India merger and purchase of 111 aircraft, leasing of planes and giving up of profit-making routes by Air India, causing a loss of thousands of crore of rupees.
Enormous debt isn't the only thing afflicting Air India. Its work culture is an equal culprit in its downfall.
Let it gradually pull itself out of international routes and focus on linking remote towns and cities.
The flight, carrying 216 passengers and 16 crew, landed safely, the Tata Group-owned private carrier said in a statement Tuesday evening.
It's too big to digest as one whole airline.'
'Whether it is the unions or the politicians, they don't have to do politics over Air India, but be guided by a solitary factor -- that we don't want Air India to fly into oblivion.'
The lawsuit has compensatory and punitive damages against the defendants for the wrongful deaths of four passengers on flight 171, US-based law firm The Lanier Law Firm said in a statement.
In a culture where children take up the profession of their father, her becoming a politician was seen as natural and acceptable.
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.
'IndiGo will receive a sharp rap on the knuckles -- a punishment, a huge penalty. 'I look towards them creating a compensation fund.' 'I would like to think they would do that for all the passengers who are affected on every single day since cancellations began.'
The company expects four to five per cent revenue growth from Star Alliance membership.
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.
Tourists hesitant to visit America due to frequent policy changes there.
At the heart of the strategy is the basic fundamental of keeping costs for long-haul flights low.
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.
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.
Planemakers have started pitching their latest aircraft to a privatised Air India which has been acquired by salt-to-steel conglomerate Tata Sons. European aerospace major Airbus on Monday said that it is in talks with the airline to sell its long haul aircraft Airbus A350-900. The wide-body aircraft is capable of flying non-stop between India and United States- one of the most popular and revenue generating routes.
As the Tata group inches closer to taking over Air India in January 2022, the $242-billion conglomerate will also inherit a stake in Kerala's Cochin airport. The Tatas would become the only airline to have an operational stake in a major Indian airport. The airport is a strategic hub connecting India to Middle East nations - home to the largest share of Indian migrant workers. In addition to Air India and Air India Express, private carrier Indigo also uses Cochin to ferry the lucrative 'Malayali Gulf traffic' to multiple locations like Jeddah, Riyadh, Sharjah, Dubai, Abu Dhabi, Doha, Kuwait and Bahrain, among others. According to regulatory filings, Air India has a three per cent stake in Cochin International Airport.
Minister of State for Civil Aviation Jayant Sinha emphasised that the brand name has both sentimental and economical value.
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.
Executives from India's leading airlines are conducting internal meetings to devise alternative routes for their international flights that currently pass through Pakistani airspace.
The DGCA directive called for a series of specific checks before each flight's departure from India, including inspection of fuel parameter monitoring systems, cabin air compressors, and electronic engine control units.
Ending a seven-year-long wait, the Star Alliance Chief Executive Board, at its meeting in London on Monday, gave an endorsement vote to induct Air India into the fold.
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.
For international travel, frequent flyers look at network and Air India's global network is weak.
'It is very clear that Air India cannot be managed by the government.' 'Air India should be run as a separate profit entity.'
Though the airline has kept a reserve price of Rs 315 crore for these properties, it hopes to make around Rs 500 crore from the sale.
EU and UK laws require airlines to incorporate data protection measures and report data breach to regulators within 72 hours. Non-compliance can invite steep fines.
Addressing close to 700 employees and the leadership team across the Air India headquarters and Air India Training Academy in Gurugram, Chandrasekaran urged them to stay on course, terming the accident the most "heartbreaking" crisis of his career.
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.
Proceeds may be used to partly pay off its Rs 46,570-cr debt
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.
'Pakistan is uncomfortable with the Indian presence in Afghanistan. They want the Taliban to ensure that there is no Indian presence in Afghanistan.'
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.
Falling jet fuel prices and a revival in domestic traffic growth offer the new CMD a once in a lifetime opportunity.
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.
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