Air India selects up to 290 Boeing jets
NEW DELHI:Boeing and Air India today announced the carrier has selected Boeing’s family of fuel-efficient airplanes to expand its future fleet with plans to invest in 190 737 MAX, 20 787 Dreamliner and 10 777X airplanes. Along with a comprehensive set of aviation services, Air India is advancing its fleet strategy to sustainably address South […]
Air India seals ‘historic’ deal of 500 new jets from Airbus, Boeing: Report
NEW DELHI: Air India has sealed a jumbo deal for about 500 new planes worth more than $100 billion at list prices, in what could become the single largest order by any airline as it seeks to reinvent itself under its new owners, industry sources told Reuters. The deal, split equally between France’s Airbus and […]
Aero India to host event for businesses collaboration in defence sector
NEW DELHI: Air India has finalised an order for around 250 aircraft with Airbus and the deal is expected to be announced next week, a source said on Thursday. The source in the know also said the airline has signed a deal with Boeing for about 200 planes. Specific details could not be immediately ascertained […]
Air India nears historic order for up to 500 jets from Airbus and Boeing
PARIS/NEW DELHI: Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry sources said on Sunday. The orders include as many as 400 narrow-body jets and 100 […]
Air India announces to lease six Boeing 777 aircraft to expand its fleet
MUMBAI (INDIA): Air India on Monday said it is leasing six wide-body Boeing B777 aircraft to expand its existing fleet, which will be in addition to the leasing of 30 planes announced earlier this year. Earlier in the day, the Tata Group-owned full service carrier had announced that it has decided to lease 12 aircraft […]
Air India receives over 73,750 applications for cabin crew, pilots in 2 months
NEW DELHI: Air India (AI), which has embarked on expansion plans, on Thursday said it has received more than 1,752 applications for pilots and 72,000 applications for cabin crew in the last two months. The loss-making carrier, taken over by Tata group in January this year, has also received more than 25,000 applications in a […]
Air India introduces new menu in domestic flights
NEW DELHI: Tatas-owned Air India has introduced a new in-flight menu on domestic routes amid the onset of the festive season.Since taken over by the Tatas in January this year, the loss-making airline has been making efforts to revamp services, expand its fleet and increase its overall market share in the fast-growing domestic aviation space. […]
India begins sale of erstwhile national carrier Air India’s 2 subsidiaries
NEW DELHI: The government of India has initiated the process of privatising 2 subsidiaries AIASL and AIESL of erstwhile national carrier Air India, an official said. The Department of Investment and Public Asset Management (DIPAM) has initiated investor meetings and roadshows to gauge interest in AIASL and AIESL. We will soon invite EoIs from interested […]
Tata Group appoints Campbell Wilson as CEO & MD of Air India
NEW DELHI: The Tata Group said that it has appointed Campbell Wilson as CEO & MD of Air India. Wilson is currently CEO of Singapore Airline’s low-cost subsidiary Scoot. Earlier this year, Tata Group had named Turkish Airlines Chairman Ilker Ayci as Air India’s CEO & MD, but he subsequently denied the position. Wilson, 50, […]
Air India back under Tatas wings
NEW DELHI: Salt-to-software conglomerate Tata Group on Thursday took over Air India and vowed to turn the loss-making carrier, it had founded but had lost control nearly seven decades back, into a world-class airline. N Chandrasekaran, Chairman of Tata Sons, which in October last year beat a consortium led by rival SpiceJet promoter to win […]
Government paying Rs 20 crore daily on Air India, wants quick handover: DIPAM Secretary
NEW DELHI: 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 […]
Work to monetise Alliance Air, 3 other Air India subsidiaries to start: DIPAM Secretary
NEW DELHI: After the historic Air India privatisation, the government will now start work on monetising its four other subsidiaries, including Alliance Air, and over Rs 14,700 crore worth non-core assets like land and building, DIPAM Secretary Tuhin Kanta Pandey said. The government on October 8 had announced that salt-to-software conglomerate Tatas have won the […]
Tatas retakes Air India, makes Rs 18,000 crore winning bid
NEW DELHI: Tata Sons will retake Air India – the airline it founded nearly 90 years back – as the Narendra Modi government accepted its winning bid of Rs 18,000 crore to acquire 100 per cent of the debt-laden state-run carrier. Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate, made the […]
Cairn Energy sues Air India to enforce $1.2 billion arbitration award: Report
NEW DELHI: Cairn Energy has sued India’s flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a US District Court filing reviewed by Reuters. The move ratchets up pressure on India’s government to pay the sum of $1.2 billion plus interest and […]
Air India flight with all-woman cockpit crew successfully lands at Bengaluru airport
NEW DELHI: Air India’s longest direct flight from San Francisco to Bengaluru with an all-woman cockpit crew successfully landed in the southern city on Monday. The national carrier had said on Saturday that this flight would be the longest commercial flight in the world to be operated by any Indian airline and the total flight […]
Modi government invites EoI for strategic sale of Shipping Corporation
NEW DELHI: The Narendra Modi government (Centre) has expanded its strategic disinvestment plan for current fiscal initiating the sell-off plan for Shipping Corporation of India Ltd (SCI) by inviting expression of interest from potential interested parties. The government proposes to sell its entire shareholding of 63.75 per cent in the listed entity to a buyer […]