Page 21 - Air India

Laxmi Prasad: Air India bidder who tried to buy everything under the sun

Prasad is putting his financial muscle behind the employees' resolve to run the airline

Beyond Air India

The airline's privatisation should just be the beginning

Employees who submitted EOI should not handle policy issues: Air India

A group of Air India employees who have submitted an expression of interest (EOI) for the carrier should only do day-to-day work, according to an official order

Interups says it has Rs 13,500 cr ready for Air India, can invest billions

US based firm has $28 mn market cap, has already bid for several bankrupt firms in India such as Lavasa Corp, Asian Colour Coated Steel and Reliance Naval

Top headlines: Farmers' protest, Air India bid, BPCL valuation, and more

Here are the top headlines on Tuesday morning

Tatas, US-based fund Interups among bidders for debt-laden Air India

The latter's bid is made in partnership with a group of airline employees

Tata Sons among multiple bidders to buy national carrier Air India

An official said transaction advisor will inform bidders before January 6, if their bids have been qualified

Tata Sons likely to submit bid for Air India before Monday deadline: Report

A successful bidder would win control of Air India's 4,400 domestic and 1,800 international landing and parking slots at domestic airports, as well as 900 slots at airports overseas

209 Air India employees submit EoI for 51% stake in national carrier

Disinvestment guidelines mandate that the company will not be able to partner any private company. It has to partner with either a bank or a financial institution

Top headlines: Tata to go solo for Air India EOI; Retail loans to rise

From Tatas likely to go solo for Air India EoI to Bharti Infratel getting nod to change its name to Indus Towers, here are top headlines this morning

Tatas to go solo for Air India EoI, plan to co-opt Singapore Airlines later

If Air India comes into its fold, the combined market share of Tatas in India's domestic aviation market will be around 23 per cent - 10 per cent higher than SpiceJet.

Air India gets reprieve in UK court over aircraft lease payments

The Indian state-owned carrier has been seeking a buyer for some time now as the government wants to divest its 100 per cent stake in Air India

Air India divestment: Date for qualified bidders extended to January 5

The government said it will intimate qualified interested bidders of Air India on January 5 next year, instead of the earlier decided date of December 29, 2020

Go big or bow out: Tata at crossroads as airline biz reaches critical point

India has been trying unsuccessfully to sell its unprofitable national airline for years

Air India plans direct flight to US from Bengaluru and Hyderabad from Jan

These twice-a-week non-stop flights will be operated from Bengaluru to San Francisco (SFO), and from Hyderabad to Chicago

Two Air India SATS staff among 3 held for smuggling gold: Customs

Two Air India SATS (AI SATS) staff were among three people arrested by customs officials for allegedly smuggling in gold valued at Rs 72.5 lakh, according to an official statement

Prez boards Air India One-B777 aircraft for its inaugural flight to Chennai

President Ram Nath Kovind boarded the Air India One-B777 aircraft on Tuesday for its inaugural flight to Chennai, according to a Rashtrapati Bhavan statement

Buying jewel in the crown: BPCL a revenue churner, not a drain on finances

Unlike Air India, the winning bidder for BPCL can easily bank on this revenue churner to recover the cost of acquisition

Consider paying a month's salary to terminated pilots, HC tells Air India

The Delhi High Court on Monday asked Air India to consider paying at least one month's salaryto its pilots, engaged on contractual basis, whose services were suspended in April and later terminated in August, saying that employees cannot be left to hang high and dry. Justice Navin Chawla asked the counsel for national carrier Air India to take instructions on paying one month's salaryto the contractual pilots, who number around 61. The services of these pilots were terminated in August. The court also asked the airline to hear out the grievances of the pilots, who were engagedon contract after they superannuated, and to see whether something, like a "golden handshake", can be done for them. With the suggestions, the court listed the matter for hearing on December 16. The court was hearing two pleas moved on behalf of the terminated contractual pilots who have sought quashing of the April 2 order suspending their services and the subsequent order of August 7 by which they were all .

42 failed airlines and counting: Wait for vaccine crushes industry

A new wave of Covid-19 lockdowns combined with the usual winter slump in traffic will push more airlines toward the brink, says one analyst.