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.
It was like I have gone 22 years back. Over 20 years have passed, but the images (of today) are the same," Devi Sharan, the captain of hijacked IC814 said.
One lesson the government should learn from the Air India-Indian Airlines merger fiasco is that combining two sick people ends up making them sicker.
Confronted with competition, state-run logistics companies are opting for joint ventures among themselves and with the private sector.
GoAir reluctant to respond to overtures.
After filing their objections against the Air India-Indian Airlines merger with the corporate affairs ministry on August 31, the unions of Indian Airlines are now planning to take the matter to court.
Acquiring Air Sahara will give Jet Airways the scale required to dominate the lucrative routes to West Asia and the United Kingdom.
Altogether 93,903 people, including 89 children and 269 infants, were airlifted by Air India, Indian Airlines and Saudia for Haj pilgrimage in the first phase of the operations, concluding Wednesday, an Air India spokesman said in Mumbai Tuesday.
India, which plans to start flights to Kabul whenever Pakistani airspace opens, on Wednesday agreed to take a slew of steps, including waiving off expenses, to assist Afghanistan in building up its aviation infrastructure.
If the government is asking a maximum price for Air India but asks to keep old personnel, it will not match.
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