Cash strapped national carrier Air India should disclose its assets abroad and earnings from them, the Central Information Commission has ruled.

It “summarily” rejected the contention of Air India that the information sought by activist Aseem Takyar regarding rent, lease fee fetched by it from April 01

Cash-strapped national carrier Air India should disclose its assets abroad and earnings from them, the Central Information Commission has ruled. It “summarily” rejected the contention of Air India that the information sought by activist Aseem Takyar regarding rent, lease fee fetched by it from April 01, 2008 with regard to its properties abroad; demarcation plan and total area of these properties, arrears attracts exemption of commercial confidence under the RTI Act.

The government of Prime Minister Narendra Modi sought Parliament’s approval for an equity infusion of 23 billion rupees ($330 million) in Air India, effectively ruling out an immediate revival of its plan to sell the ailing carrier.

Modi’s bid to turn the airline profitable under his watch comes after the government failed to find any takers for its ambitious plan to privatize the national airline.

Air India offer: India’s national carrier Air India has announced ‘Night Flights’ offer, using which flyers can book flights for as low as Rs 1,379 (all-inclusive). “Night Flights, beat peak rush hour at attractive fares,” the air carrier said on its website. The customers can book Ahmedabad-Bengaluru late night flight (departure time: 0305; arrival time: 0525) for Rs 1,379. Other attractively priced routes include from Delhi to Coimbatore (departure time: 2115;

The Pune chapter of Travel Agents Association of India (TAAI) and Travel Federation Association of India (TAFI) held a protest march against the national carrier, Air India, and its plans to align with only one Global Distribution Partner (GDS).

Air India had decided to use Travelport as their exclusive GDS and is giving up the rest of systems.

Mumbai: Air India has floated tender for the sale of its iconic 23-storey tower at Nariman Point in Mumbai. Only government entities are allowed to participate in the bidding for acquiring leasehold rights of the land and building on “as is where is basis.”

“Air India invites sealed bids from government entities for sale of leasehold rights of the land, and its iconic Air India building constructed hereon at Nariman Point, Mumbai, on as is where is basis,” the tender said.

Despite fiscal constraints, the Centre is likely to provide Rs 12,200 crore from the Budget — half of it this fiscal and the balance in the next year — to retire 40% of the Rs 30,000-crore working capital debt of Air India. As a precursor to this, the debt — not backed by assets — will be shifted to a special purpose vehicle (SPV).

An Air India plane carrying 179 passengers struck a building at Stockholm's Arlanda airport with its wingtip as it taxied to gate on Wednesday, but no injuries were reported, police said.

"The 179 passengers could disembark from the plane on a mobile staircase and thereafter enter the terminal," police wrote in a statement.

India’s major state-run airline Air India has come out with its “Night Flights” offer, using which passengers can grab flight tickets for as low as Rs 1,000. “Night Flights, beat peak rush hour at attractive fares,” the airline said on its website. According to the details available on the firm’s website, the latest offer is effective 30th November 2018. Under the offer, customers can book flights between Bengaluru-Ahmedabad at just Rs 1,000.

In a letter shot off to minister of state for civil aviation Jayant Sinha early this month, a top executive of Madrid-based information technology firm Amadeus estimated the revenue loss to travel agents of Air India to be around Rs 1,825 crore once state-owned carrier moves to a single global distribution system (GDS) for domestic flights.

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