Funding Air India through NSSF is harmful
It is also felt that under the current market conditions, the building is unlikely to garner the kind of funds expected from a prime real estate at Nariman Point
These ED cases are based on four CBI FIRs
The government is also working on ways to bolster the national carrier, which is financially stressed and is estimated to have a debt burden of more than Rs 500 billion
About three years ago, an Air India engineer had got sucked into the aircraft's engine at the airport here when the pilots started the engines prematurely after mistaking a signal
The plane lost contact with air traffic control officials and landed in Mumbai after around four hours
The biggest argument against the likelihood of a quick turnaround is the fact that anybody who is somebody in the Indian commercial air travel industry is losing money
The disinvestment of Air India may be possible only after the macroeconomic conditions and market conditions are favourable, says Civil Aviation Secretary
The proposed strategic disinvestment of Air India, which has a debt burden of more than Rs 500 billion, failed to take off in May
The initial deadline for submission of bids was October 10
Autonomy for Air India board is no longer a solution
The oil marketing companies asked debt-laden Air India to clear its dues towards daily billing amid rising oil prices
Airline to get cash infusion of Rs 150 billion for the last time
Air India's collection of art seems to have found a new home in New Delhi's National Gallery of Modern Art
Relief package for other airlines still under discussion
In Air India, a pilot gets an average salary of Rs 750,000 per month whereas cabin crew receives around Rs 150,000
The government is looking to bolster the fortunes of the state-run carrier after the proposed strategic stake sale failed to take off in May
Debt-laden Air India has asked the government to provide for Rs 21.21 billion in additional equity to pay vendors
Sinha says govt has devised a four-pronged strategy for the revival of Air India
After the proposed strategic disinvestment of Air India did not find any takers in May, the government has been looking at ways, including sale of non-core assets, to bolster the carrier's fortunes