Tag: Air India

Disqualify Tata Sons from Air India bid: Subramanian Swamy

NEW DELHI: BJP’s Rajya Sabha MP Subramanian Swamy has said that Tata Sons or any of its partners should be disqualified from bidding for national carrier Air India. Swamy has written to Civil Aviation Minister Hardeep Singh Puri on this. “In public interest and in the interest of justice, Tata Sons and/or with any other […]

Kanti Commercials and consortium puts in EoI for Air India

NEW DELHI: Kanti Commercials, followed by Fragment Nivesh and Enormous Nivesh are the top three companies that are leading a consortium, which put an EoI for Air India. “We are very much eligible to bid for the disinvestment programme of Air India and have expertise in turning around sick industrial enterprises into profitable ones, said […]

Tata Sons among multiple bidders to buy national carrier Air India

NEW DELHI: Salt-to-software conglomerate Tata Group was among “multiple” entities that on Monday put in preliminary bids for buying the government’s stake in loss-making carrier Air India. “Multiple expressions of interest have been received for strategic disinvestment of Air India. The Transaction will now move to the second stage,” Department of Investment and Public Asset […]

Air India’s direct Hyderabad-Chicago flight from January 15

NEW DELHI: Hyderabad is all set to get a non-stop connectivity with the United States as Air India will launch its direct flight from the city to Chicago from January 15. The national carrier will operate the flight bi-weekly, GMR-led Hyderabad International Airport announced on Wednesday. The airline will operate Boeing 777-200 aircraft, with a […]

Ram Nath Kovind inaugurates Air India One flight

NEW DELHI: President of India Ram Nath Kovind on Tuesday boarded the Air India One — B777 aircraft — on its inaugural flight to Chennai. “The President of India, Shri Ram Nath Kovind boarded the Air India One – B777 aircraft for inaugural flight to Chennai today (November 24, 2020). He is visiting Tirupati, Andhra […]

Air India to commence flights from Amritsar to Nanded

NEW DELHI: National passenger carrier Air India said on Tuesday that it will introduce regular flights from Amritsar to Nanded in Maharashtra from November 10. According to the airline, the service will be operated on its A320Neo aircraft on every Tuesday, Thursday and Saturday. “This flight will fulfil the long standing demand of pilgrims, non-resident […]

Air India Express’s FY20 net profit climbs to Rs 412.77 crore

NEW DELHI: Air India’s low-cost international subsidiary Air India Express on Wednesday reported its highest-ever net profit, at Rs 412.77 crore for the financial year 2019-20. The airline had reported a net profit of Rs 169 crore in 2018-19. The airline which started its commercial operations in April 2005, has been reporting net profit continuously […]

Alliance Air makes first operating profit since inception

NEW DELHI: National carrier Air India’s wholly-owned subsidiary Alliance Air on Thursday reported an operating profit of Rs 65.09 crore in FY20. This is the first time the airline has earned operating profit since its inception in 1996. In financial parlance, operating profit constitutes total income earned from operations before taxes and interest liabilities. In […]

Air India facing a very challenging financial situation: Hardeep Puri

NEW DELHI: India’s Civil Aviation Minister Hardeep Puri has called Air India’s leave without pay (LWP) scheme a “win-win for employees and management”, and pointed out that Air India has not laid off a single employee even as international and domestic carriers have resorted to cost cutting through layoffs. In a letter to Rajya Sabha […]

Air India employees receiving Provident Fund dues within 30-60 days

NEW DELHI: National carrier Air India has clarified that it had already deposited the TDS and the Provident Fund (PF) dues for superannuated employees which are being released within 30-60 days. There have been reports that Air India has defaulted on the deposit of TDS and PF dues since January this year. Responding to IANS […]

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