Page 13 - Air India

Full circle: AI returns to Tatas who have to revive a much-diminished brand

The Tatas have their work cut out in restoring customer trust and much, much more

Tata Group patriarch Ratan Tata welcomes Air India back into the fold

Says JRD would have been overjoyed by the development, says airline was recognised as one of the world's most prestigious under the late group head

Tata brings Air India home: Here's the carrier's 90-year journey

Air India returns to Tatas after group puts in winning bid of Rs 18,000 cr

Tata Sons wins bid: Air India may see turnaround as debt eases by 75%

Air India reported an operating profit of Rs 1,787 crore in FY20 on a consolidated basis but reported a net loss of Rs 7427 crore due to interest and depreciation costs

Air India is nostalgic airline for most TCSers: CEO Rajesh Gopinath

Air India is a "nostalgic airline" for most TCS employees and the IT services major will offer its complete support in whatever form it can, to contribute to the revival of the airline, TCS CEO said

Air India deal: Tatas back in the cockpit after decades of resistance

The group has been battling fierce opposition from other airlines and politicians since the 1990s

Top headlines: Air India returns to Tatas; CEA Subramanian to step down

Business Standard brings you the top headlines on Friday

Tatas will have to retain all AI employees for 1 year, can offer VRS in 2nd

The new owners of Air India will have to retain all the employees of the national carrier for at least one year post which they can offer a VRS. The gratuity, pension fund and post retirement medical benefits of existing and past employees too would be honoured by the new owner, Civil Aviation Secretary Rajiv Bansal said. Tata Sons has emerged as the winning bidder for Air India with the government accepting its Rs 18,000 crore offer to acquire 100 per cent of the debt-laden state-run carrier. Briefing reporters, Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said the outstanding dues of employees of Rs 1,332 crore as per the report of Justice Dharmadhikari would be paid by the government. Air India has 12,085 employees - 8,084 permanent and 4,001 contractual. Besides, Air India Express has 1,434. In the next five years, about 5,000 permanent employees will be retiring, he said. Free travel by government employees on Air India flight will stop po

New dawn for Air India: Scindia on airline's sale to Tata Group

The Tata Group's bid of Rs 18,000 crore comprises taking over of Rs 15,300 crore of debt and paying the rest in cash

Tata Sons makes winning bid of Rs 18,000 cr for Air India: Govt

The bid got approved by a group of ministers headed by Home Minister Amit Shah on October 4, said DIPAM Secretary

Air India seeks transaction advisors for selling PF trusts securities

The Air India Employees Provident Fund trust and Indian Airlines Employees Provident Fund trust are governed by the Provident Fund Trust Act, 1925

Govt push on Air India sale slows down other privatisation proposals

Next on the priority list is said to be LIC IPO

Govt hasn't taken any decision on owner of Air India as yet: Piyush Goyal

The union minister was replying to a question about media reports stating Tatas have emerged as the top bidder for the takeover of debt-laden Air India

Amit Shah-led ministerial panel to soon approve Air India sale

Clarification comes amid reports that Tata Sons may have won the bid

Top headlines: Zee refuses to convene EGM; Sept GST collections rise 23%

Business Standard brings you the top headlines on Friday

Tata Sons winner of Air India bid? Govt says no decision taken as yet

DIPAM Secretary, in a tweet, said the government has so far not approved the financial bids for Air India

Govt quashes report of Tata Group emerging as winning bidder for Air India

The clarification came in the wake of Bloomberg reporting Tata Sons has been selected as the winning bidder for the debt-laden state-run airline

Air India reserve price likely to be fixed at Rs 15,000-20,000 crore

A lower bid amount may not halt the disinvestment process

Top headlines: Govt sets Air India reserve price; world fears inflation woe

Opec says India will be hooked on oil for years to come. Sharp rise in natural gas prices, power outages worsen inflation worries. More in top headlines of the day

Tata likely to emerge victorious for Air India, says former director

Tata Sons Ltd., the group holding company that controls Jaguar Land Rover and owns a majority stake in AirAsia India, submitted a bid for Air India earlier this month