The govt did well in ignoring the parliamentary panel's views
The move is geared towards improving the airline's passenger load factor or seat occupancy in business class which often sees almost half the seats going empty
Last year, the Union Cabinet gave its in-principle approval for disinvestment of Air India and constituted an inter-ministerial group for working on the strategy for the airline's stake sale
Air India chief calls on employees improve performance, says perform or perish
According to the Air India sources, the pilots had reported late for the duty leaving the waiting passengers furious.
Norms for international traffic rights a major factor
The tenure of the loan will be up to June 2018 and could be extended
Senior IAS officer Bansal took over the reins of the disinvestment-bound national carrier in August
Says tickets should be purchased from the airline's website or from the three authorised travel agents
The two planes would join the fleet that is generally used to carry President, Vice President and Prime Minister
Saddled with more than Rs 50,000 crore debt, Air India recently sought loans worth over Rs 1,500 crore to meet working capital requirements
Surviving on a ten-year bailout package amounting to Rs 30,231 crore which began from 2012, the airline is currently in the disinvestment process
It also said that foreign airlines should be allowed to bid for the stake in the loss-making national carrier
The two cos will offer a wider spectrum of services and customised packages to domestic and foreign airlines operating in and out of India
The government, they said, also expects to meet its disinvestment target as there are a number of companies in the pipeline
Banks were asked to submit their financial bids by September 19, indicating the amount of government-guaranteed short-term loans they were willing to offer
The government has taken measures so that it does not run out of cash
CMD Rajiv Bansal noted that there is more such space occupied by the airline at Delhi and Mumbai airports
The ambitious short-term target plan of national passenger carrier will be achieved in 12-weeks
Move to help divestment-bound airlines to chip costs