The plane lost contact with air traffic control officials and landed in Mumbai after around four hours.
The group began to outperform the broader market only with the onset of the pandemic in March 2020 while earlier it was largely keeping pace with the Sensex. The group's market cap is up 164.4 per cent since the end of March 2020 against a 105 per cent rally in the Sensex.
Air India Express has sacked an employee and ordered penal action against three others after a probe found them guilty of discrimination and favouritism against Delhi-based cabin crew during the last six months.
Air India pilot unions IPG and ICPA on Monday sought Civil Aviation Minister Hardeep Singh Puri's intervention on the wage cut issue and also requested for an "urgent" meeting with him on several other issues. "In our meetings in September, you had given us an assurance to look into our grievances positively. "While other airlines are rolling back the austerity pay cuts for their pilots, the wage cut for Air India pilots further increased from October.
Among the Indian carriers, Air India, Air India Express, IndiGo, and SpiceJet operate flights to Saudi Arabia while Saudi Arabian Airlines and Flynas are the two carriers operating in India.
'People in general have a kind of contemptuous attitude to those from Malappuram. But we have shown the entire world what dedicated and selfless work is.'
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.
He was focussed on his career and determined to join the prestigious National Defence Academy, located at Khadakwasla near Pune in Maharashtra, said some of his classmates from the Class 11 batch of St Vincent School.
"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.
Ahead of two crucial audits, the Ministry of Civil Aviation (MoCA) has proposed to allow deputy director generals (DGs) and officers of Indian Air Force (IAF) to apply for the post of chief of India's aviation regulator. The current head of the Directorate General of Civil Aviation (DGCA), Arun Kumar, has been promoted as secretary and is expected to move out some time soon. DGCA has four Deputy DGs with experience in different fields of aviation.
Air India Express currently operates 145 daily flights, down from about 200 six months ago.
Based on whether you choose the aviation, Bhopal or LIC numbers, and on the official death toll (in the absence of any other verifiable number), the value of human lives lost in the pandemic would range from Rs 16,500 crore to Rs 94,000 crore, explains T N Ninan.
Travels to Gulf accounted for 40% of India's international air traffic in 2016.
The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
The EoI and the share purchase agreement would be issued in January itself for the bidders. While Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.
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.
Aviation consultancy CAPA on Thursday said allowing domestic airlines to take advance bookings from April 15 is "unfair" to consumers since a decision on lifting the nationwide lockdown is yet to be taken. During the lockdown period only special flights approved by aviation regulator Directorate General of Civil Aviation, medical evacuation flights and those carrying cargo, including medical equipment, to and from different parts of the country are operational.
Survivors of Air India Express passenger plane from Dubai that crashed outside the airport in Mangalore after overshooting the runway on Saturday, recounted their near death experience.
Air India on Monday said its subsidiary Air India Express' flight operations were in conformity with regulatory requirements and all its pilots and engineering staff are fully-qualified and trained to run operations in tune with international procedures.
The Tata group may have to deploy upwards of $1 billion to improve the airline's passenger reservation system, upgrade and refurbish Air India's fleet, primarily the wide-body aircraft which are the mainstay for the airline's international operations, people in the know said. While the group has not yet decided on how it intends to integrate Air India with its existing airlines AirAsia India and Vistara, sources said the first task will be to refinance Air India's existing loans, upgrade its aircraft gradually, and rewrite multiple business contracts with vendors and suppliers. "They will have to do 100 things to stabilise the airline and will have to put in a lot of money," DIPAM secretary Tuhin Kanta Pandey said, confirming that many aircraft are grounded.
Demand for the earlier variant 737NG planes is also expected to pick up due to the grounding of MAX planes.
She was originally scheduled to board the ill-fated Air India Express plane bound for Mangalore.
It was a double tragedy for a family in Kasargod district of Kerala which lost its Dubai-based son, who was on his way to attend his father's funeral, in the crash of the Air India Express flight in Mangalore. Siddique Sulaiman, a trading salesman, was on his way to attend his father's last rites in Kasargod and ended up boarding the fateful Air India Express flight to Mangalore.
A K Chopra, a retired DGCA official, had flagged concerns regarding engineering, flight safety, operations, and training standards in the airline and subsidiaries, thus warning the management of grave safety risk. He also called for the replacement of the chief of flight safety Harpreet A De Singh, who, he said, did not meet the regulatory requirements for holding the post.
As a part of its route rationalization and cost-cutting measures, Air India plans to replace its twin-class aircraft with all-economy ones belonging to low-cost subsidiary Air India Express on few Gulf routes from this month end.
This will be the largest claim in the aviation sector for Indian insurers in the last three years
The government proposes to divest 76 per cent of Air India, along with its shareholding in Air India Express and its ground-handling subsidiary, AISATS.
Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
From the Gulf countries to Malaysia and the UK to the US, the multi-agency operation christened 'Vande Bharat Mission' will see the state-owned AI operate 64 flights till May 13 in the first phase to ferry around 15,000 Indian nationals from 12 countries.
Starting this October, Air India Express will fly Cochin-Chennai, Cochin-Hyderabad, Cochin-Bangalore, Bangalore-Chennai, Chennai-Kolkata, Hyderabad-Kolkata and Kolkata-Agartala.
Air India buyer has to take over interest-bearing debt of Rs 16,500 crore a large portion of which is aircraft related, meaning they are backed by aircraft value
Airlines sought a limited period concession of the standing rule of slot allocation, which mandates that firms must operate at least 80 per cent of their allocated slots.
"When the A320 plane, which did not have any passengers as it was heading to Moscow to bring back stranded Indians under Vande Bharat Mission, had reached Uzbekistan's airspace, our team on ground realised that one of the pilots had tested COVID-positive," senior Air India officials said.
Jet Airways remains the number one airline serving foreign routes.
The international operations of Air India seem to be the main attraction for IndiGo, which has also flagged concerns about some foreign overseas airlines being allowed "disproportionate access" to the Indian market.
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.
Ernst & Young LLP India has been appointed as transaction adviser for the strategic divestment process.
An Iran Air flight carrying Indian pilgrims stranded in coronavirus-hit Iran landed at the airport in Mumbai on Friday afternoon, an official said.
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