Page 22 - Air India

Hong Kong bans AI flights for 5th time as passengers test Covid-19 positive

Passengers from India can arrive in Hong Kong only if they have a COVID-19 negative certificate from a test done within 72 hours prior to the journey

Best of BS Opinion: Maharajah's airs and graces, stimulus package & more

Here's a selection of Business Standard opinion pieces for the day

Maharajah's airs and graces

Air India should be a little more sensitive to passenger reactions, civilised travelling norms and the need to give value for money charged

Air India to raise short-term loans of Rs 6,150 crore by month end

With finances stretched, the govt is not in a position to infuse cash into the airline, but will help the carrier to raise money through sovereign guarantee

Air India appoints new chiefs in three of its subsidiaries

The national carrier has appointed new heads at some of its subsidiaries

Air India bidding to be on enterprise value, deadline extended till Dec 14

Minister says says bidding will be completed by end of December, will attract parties who till now had constructed the debt amount as a minimum threshold bid amount.

Bidding for Air India to be done on enterprise value: Hardeep Singh Puri

Civil Aviation Minister Hardeep Singh Puri on Thursday said bidding for Air India would be done on the basis of its enterprise value instead of equity value

Govt may extend Air India bid deadline; investors to get debt flexibility

The government is likely to extend the deadline to bid for Air India till December 14 and also give flexibility to a potential investor to decide on the humongous debt with the national carrier

Air India Express reports highest ever net profit at Rs 412 crore

Air India's no-frills service subsidiary has been making profits continuously for the past five years and last year it made a net profit of Rs 169 crore

Air India sale on uncertain path, bidding likely to be deferred again

New global-standard bid conditions may still not yield optimum results for the government

Alliance Air makes first operating profit in 2020; net loss at Rs 201 crore

National carrier Air India's wholly-owned subsidiary Alliance Air on Thursday reported an operating profit of Rs 65.09 crore in FY20.

Govt may extend deadline for Air India bid to further sweeten deal

The submission of initial bid or expression of interest (EoI) may be extended by 45 days to two months to December

Air India privatisation: Bidding deadline likely to be extended to Dec 15

The government is likely to extend the deadline for submission of bids for privatisation of Air India yet another time till December 15

Govt working on letting Air India bidders decide on debt, says DIPAM Secy

The potential investors in Air India have given feedback that due to the uncertainty created by COVID-19 in the aviation sector the debt should not be fixed at the Expression of Interest (EoI) stage,

India likely to ease Air India offer, let suitors decide on taking debt

Current rules require bidders to take over the carrier's $3.3 billion of aircraft debt, deterring buyers

Hong Kong bars Air India, Vistara flights till October 30 after Covid cases

Hong Kong has banned Air India and Vistara flights from October 17 to 30 after a few passengers on their flights tested positive for Covid-19 post arrival, a senior government official said on Friday.

Top headlines: Bid norms eased for Air India; Centre to borrow Rs 1.1 trn

From Centre easing bidding norms for Air India's privatisation to Modi govt borrowing Rs 1.1 trillion for GST compensation to states, here are top headlines this morning

Air India privatisation: Govt to ease bidding norms to attract buyers

Govt set to allow prospective suitors to bid on enterprise value

Air India facing a very challenging financial situation: Hardeep Puri

Hardeep Puri has called Air India's LWP scheme a "win-win for employees and management", and pointed out that Air India has not laid off a single employee like international and domestic carriers

Air India to resume flights on Mumbai-Mangaluru-Mumbai route from Oct 12

Air India would resume direct flights on the Mumbai-Mangaluru-Mumbai sector from October 12, the airline said