The new plan may include a Rs 30,000 cr loan write-off and a cash infusion of Rs 10,000-11,000 cr.

The Air India unions, under a common platform - 'Joint Forum', are also likely to hold a convention here soon of all stakeholders associate...

"No bids for Air India, victory for joint forum in our endeavour to save the airline," a joint forum of various Air India unions said in a ...

CAPA, the Sydney-based aviation think-tank, also said dropping the divestment plan following this failure will be unfortunate, and the gove...

Pabrai believes Air India needs to be reconfigured to play to its strength.

Facing tough financial conditions, Air India had resorted to salary cuts in 2012. Since then, arrears have been accumulating even as certai...

Air India, which is staying afloat on taxpayers' money, owes around Rs 2,300 crore to the national airports operator.

Some of the A320 neo planes, which are being leased would replace the old classic A320 aircraft under the phase out plan.

Air India's board at its meeting here today discussed and approved the carrier's Budget for the next financial year.

Emphasising that the "battle has just begun" in terms of revival, Lohani said Air India needs to be competitive in fares with attractive sc...

The proposal to increase retirement age from the current 58 years to 60 years and its request for more funds for the current fiscal are als...

A fall of nearly 31 per cent in fuel costs in the last financial year compared to the year-ago period was a key factor in the airline becom...

Many have wondered if such a huge bailout was at all essential to keep the beleaguered national carrier in biz

Air India needs a bailout of nearly 620 million dollars to keep flying, Civil Aviation Minister Praful Patel said in remarks published Mond...

Alitalia, once one of the largest airlines of the world, has been ruined largely due to the Italian govt's faulty interventions.

PM Manmohan Singh assured AI that govt would put its entire weight behind it but the airline should shape up by becoming leaner and trimmer...

With the national carrier Air India hit by losses, the government would roll out a financial bail-out package for it, says Civil Aviation M...