Page 37 - Air India

What may lie ahead in 2020

Nobody can anticipate, let alone predict, what Mr Modi will do in 2020.

Air India will keep on running till it is privatised: Aviation minister

While disinvestment-bound Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore

Without buyer, Air India might be forced to shut down by Jun 2020: official

Amid continuing uncertainty over the fate of the national carrier, the official said there is also need for funds to restart operations of 12 grounded narrow-body planes

Post Centre's guarantee, Air India pays November allowances to 1600 pilots

Air India has around 1,600 pilots and all of them have received the payment, he said

Air India stops issuing tickets on credit to govt bodies owing over Rs 1 mn

In total, these government agencies owe around Rs 268 crore to the national carrier, he said, adding that "around Rs 50 crore has been recovered from these agencies by the airline"

Air India stake sale: Govt likely to float EoI for airline after mid-Jan

Roadshows were recently held in Singapore and London to gauge investor interest for the debt-laden national carrier

AI pilots' union urges govt to allow members to quit without serving notice

They have written a strongly-worded letter to Minister of State for Civil Aviation Hardeep Singh Puri regarding their dues

PM Narendra Modi reviews performance of various ministries of 6 months

Secretaries to the civil aviation, agriculture, and transport ministries made presentations at the meeting

In relief for Air India, govt gives Rs 500 cr guarantee to secure funds

The sovereign guarantee will help the airline secure some funds, a part of which has already been drawn, he said adding," Air India is already in discussions with the banks."

Air India employee unions write to PM Modi, seek waiver of airline loans

Against the backdrop of the government working out the modalities for Air India disinvestment, seven employee groupings have also said the carrier can be turned around

Govt likely to invite bids for stake sale in Air India, BPCL by next month

Last month, the Cabinet had approved a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control

Will look at any opportunity: Delta Air official on Air India stake sale

To revive the debt-laden Air India, the government is working on the modalities for 100 per cent stake sale in the national carrier

Delta, United challenge Air India, Gulf carriers on US-India routes

Delta to begin New York-Mumbai route on December 24

Air India may not be able to sustain operations, CMD Lohani tells Centre

Air India is seeking government approval to raise a Rs 2,000-crore loan and refinance $819-million aircraft debt, which would help tide over the financial crisis

Govt looks to move debt out of Air India balance sheet before stake sale

The official also said the government is trying to work out some formula to further make the deal more sweeter

Govt working on Air India's debt issue to make it more attractive to buyers

The second and the most important learning of the bid process was regarding Air India's accumulated huge amount of debt, which was retained by saleable part of the airline

November pain: Air India's domestic market share falls to lowest in 2019

The government's refusal to inject money into national carrier Air India shows in its declining market share.

Air India will default on payments without govt help in fundraising: Lohani

Air India is losing Rs 150-200 crore each month despite 10 per cent year-on-year increase in revenue

Indian airlines set for $600-million loss in FY20, says CAPA report

CAPA estimates Air India to post a loss of $500 million this year, due to the grounding of over 20 aircraft

Airlines fail to gain from fuel price cut, may post $600 mn loss in FY20

The financial projections are based on the assumptions that oil prices are in the range of $60-65 per barrel, exchange rate is Rs 70-72 against USD and that airlines maintain pricing discipline.