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AIR INDIA BAILOUT
Air India’s $1.5 billion funding ask sparks backlash in Singapore parliamentA Singapore politician questions the logic of Singapore Airlines supporting Air India. He opposes using Temasek funds for Air India's turna...- Tewolde Gebremariam: The storied career of Air India's new helmsman and the tough India test that awaits himTewolde Gebremariam, known for crisis management, will lead Air India. He previously managed Ethiopian Airlines through major global crises...
- The airline builder: Meet Tewolde Gebremariam, the Ethiopian aviation veteran tasked with flying Air India into its next eraTewolde Gebremariam, a respected turnaround specialist, now leads Air India. He previously transformed Ethiopian Airlines into Africa's lar...
- Air India bailout plan not alternative to divestment: CMDHe said discussions are in advanced stage for transferring Rs 29,000 crore out of Air India's near Rs 55,000 crore total debt to a special ...
- Talks on bailout package for Air India at 'advanced stage': OfficialGovernment has been working on a package for Air India after plans to sell a majority stake in the debt-laden airline failed this year due ...
- Air India’s emergency lending: Finance ministry gets Rs 500 crore SOSThe short-term loan will be more or less exhausted in funding commitments other than bank loan repayments.
- Another bailout in the works for Air IndiaThe new plan may include a Rs 30,000 cr loan write-off and a cash infusion of Rs 10,000-11,000 cr.
- No takers for Air India stake sale: Unions to prepare alternative plan, hold convention soonThe Air India unions, under a common platform - 'Joint Forum', are also likely to hold a convention here soon of all stakeholders associate...
- Air India unions claim 'victory' on govt's failure to attract bids"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 urges govt for comprehensive restructuring of Air IndiaCAPA, the Sydney-based aviation think-tank, also said dropping the divestment plan following this failure will be unfortunate, and the gove...
- Flexibility needed if Modi wants to get Air India & its debt off its back: Mohnish PabraiPabrai believes Air India needs to be reconfigured to play to its strength.
- Air India privatisation welcome but clear salary dues first: PilotsFacing tough financial conditions, Air India had resorted to salary cuts in 2012. Since then, arrears have been accumulating even as certai...
- AAI rejects AI plan to convert Rs 2,000 crore dues into equityAir India, which is staying afloat on taxpayers' money, owes around Rs 2,300 crore to the national airports operator.
- Air India likely to induct 34 planes in two yearsSome of the A320 neo planes, which are being leased would replace the old classic A320 aircraft under the phase out plan.
- Air India eyes Rs 300 crore operating profit this fiscalAir India's board at its meeting here today discussed and approved the carrier's Budget for the next financial year.
- Air India to add 35 new planes this year, says Ashwani LohaniEmphasising that the "battle has just begun" in terms of revival, Lohani said Air India needs to be competitive in fares with attractive sc...
- Air India reduces debt by Rs 5,000 crore last fiscalA 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...
- Rs 30,000-cr life jacket for Air India, but will it stay afloat?Many have wondered if such a huge bailout was at all essential to keep the beleaguered national carrier in biz
- Air India needs bailout: Praful PatelAir India needs a bailout of nearly 620 million dollars to keep flying, Civil Aviation Minister Praful Patel said in remarks published Mond...
- Bailout package for Air India: PatelWith the national carrier Air India hit by losses, the government would roll out a financial bail-out package for it, says Civil Aviation M...
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