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Air India Related news

Families allege coercion over financial disclosures, Air India denies claim

Families allege coercion over financial disclosures, Air India denies claim

Air India has denied claims that it coerced families of the June 12 Flight AI171 crash victims into prematurely signing legal documents related to compensation. The airline labelled the accusations as “unsubstantiated and inaccurate”, India Today reported.

The controversy arose after bereaved families accused the airline of pressuring them during the compensation process.

Air India Mumbai-New York flight diverted to Delhi after bomb threat

Air India Mumbai-New York flight diverted to Delhi after bomb threat

An Air India flight operating from Mumbai to New York was diverted to Delhi on Monday, following a security concern arising out of a bomb threat. According to the sources, Mumbai airport received a message on X (formerly Twitter) regarding a bomb threat in a flight bound for New York. The message was conveyed to security agencies in Delhi and the call was taken to divert the aircraft to Delhi.

Vistara-Air India merger progresses after Singapore Airlines gets FDI nod from India

Vistara-Air India merger progresses after Singapore Airlines gets FDI nod from India

Air India-Vistara merger: The Indian government has greenlit the foreign direct investment for the proposed merger between the two airlines, Singapore Airlines said on Friday, giving an update on the deal that will create one of the world's largest airline groups.

The FDI nod will pave the way for Singapore Airlines' investment worth S$360 million ($276 million) into the new combined carrier.

Air India Express freedom sale: Get fares starting at Rs 1947 from today

Air India Express freedom sale: Get fares starting at Rs 1947 from today

As India gears up to celebrate its 77th Independence Day, Air India Express has launched a "Freedom Sale" with fares as low as Rs 1947.

Book your flights between now and August 5th for travel until September 30th, 2024. You can explore both domestic and international routes, including popular getaways like Delhi-Jaipur, Bengaluru-Goa, and Delhi-Gwalior.The airline is offering discounts across its network of 15 international and 32 domestic destinations.

Air India to borrow Rs 18K-cr from SBI, BoB to refinance existing debt: Rpt

Air India to borrow Rs 18K-cr from SBI, BoB to refinance existing debt: Rpt

Air India will borrow Rs 18,000 crore from the State Bank of India (SBI) and Bank of Baroda (BoB) to refinance its existing debt over the short term, a report in the Economic Times (ET) said. The borrowing will be in the form of one-year loans and the Tata Group-owned airlines may go for longer loans later.

Tatas decided to continue with the existing borrowing arrangement for another year, though they will eventually make a long-term debt strategy.

Crew getting substandard Covid-19 protective gear in flights: Air India

Crew getting substandard Covid-19 protective gear in flights: Air India

Air India crew members are being provided with substandard, ill-fitting and flimsy personal protective equipment (PPE) on special flights being operated during the lockdown, a union of the airline's pilots complained to Civil Aviation Minister Hardeep Singh Puri on Monday.

With India under a 21-day lockdown till April 14 to curb the spread of coronavirus, all domestic and international commercial passenger flights have been suspended for this period.

Air India crew union calls airlines' cost-saving measures illegal

Air India crew union calls airlines' cost-saving measures illegal

Air India on Wednesday implemented a series of cost-saving measures, including reduction in allowances and fuel reimbursement for officers. However, the move is being resisted by its cabin crew — All India Cabin Crew Association (AICCA) — who have called the move discriminatory and illegal.

Around the world, airlines are responding to COVID-19 crisis with sharp reduction in capacity, pay cuts and layoffs.

Govt extends deadline to submit bids for Air India sale till April 30

Govt extends deadline to submit bids for Air India sale till April 30

The government on Friday extended the deadline for submitting bids for buying 100 per cent stake in Air India till April 30.

The deadline was originally set at March 17.

The government had allowed access to the virtual data room of Air India to interested bidders late in February and allowed them further time till March 6 to pose queries.

DPIIT, aviation ministry exploring options to ease FDI norms to attract bidders for Air India

DPIIT, aviation ministry exploring options to ease FDI norms to attract bidders for Air India

The Department for Promotion of Industry and Internal Trade (DPIIT) and the civil aviation ministry are looking at the possibility of relaxing foreign direct investment norms to attract bidders for national carrier Air India, an official said. The government for long has been trying to sell debt-ridden Air India but could not attract bidders. It has now again decided to call bids for sale next month.

Piling up: Air India debt rises Rs 5,000 crore in H1

Piling up: Air India debt rises Rs 5,000 crore in H1

The total debt and liabilities of Air India (AI) have risen to over Rs 45,500 crore at September end, up Rs 5,000 crore from the level seen after the April takeover of its Rs 29,464-crore debt by the Centre through a special purpose vehicle, sources told FE.

The increase over the first half of this fiscal is largely due to short-term loans, an official source said. At the end of last financial year, the state-run airline’s debt had stood around Rs 70,000 crore.

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