Coal India, ONGC and Indian Oil Corporation emerged as star financial performers among India’s central public sector enterprises in 2015-16, whereas SAIL, BSNL and Air India incurred most losses, a government survey has showed. The Public Enterprises Survey, tracking the performance of CPSEs in 2015-16, revealed that the top three loss-making CPSEs — SAIL, BSNL and Air India — incurred a loss equal to 51.65 per cent of the total loss made by the top 10 loss-making CPSEs in 2015-16.

In a miraculous escape for hundreds of passengers, an Air India wide body aircraft landed safely at London Heathrow airport after sufering from a bird-hit in its flight path between Ahmedabad and London.

The bird hit was severe enough to push back the aircraft's nose and damage the radar system. The onward flight to Newark has been cancelled and the aircraft has been grounded.

The US government's restrictions on carriage of electronic items, laptops, and iPads from 10 airports in West Asia (Middle East) and North Africa will benefit Air India and European airlines. Going by the directive, all US-bound passengers originating or transiting through airports like Dubai, Abu Dhabi, or Doha will have to carry these devices in checked luggage only.

The move augurs well for India. At present, Air India flies non-stop from Delhi and Mumbai to New York, Newark, Chicago, and San Francisco. It flies one-stop to Newark via London and plans to launch a non-stop service between Delhi-Washington from July.

State-owned Air India has opposed changes to guidelines of ownership and control that will make it easier for a foreign entity to fully own an airline in India. Private airlines have already opposed the proposed changes.

Two Air India executives that Business Standard spoke to confirmed the airline had conveyed its opposition to the proposed changes to the civil aviation and commerce ministries. The development could dampen the government’s zeal to relax norms in order to attract foreign direct investment.

Defending itself against the criticism of the Comptroller and Auditor General (CAG), Air India has defended the sale of five Boeing 777-200 LR planes to Etihad, saying it was the best option to check loss and reduce debt.

The CAG has criticised Air India for selling the aircraft below its indicative market price, under-reporting its losses and poor initiatives to monetise its real estate.

An Air India Ahmedabad-London-Newark flight lost communication with the local Air Traffic Control and was escorted by fighter jets over Hungary, officials said here on Friday.

The flight AI-171 had departed from Ahmedabad at 7 a.m. on Friday with 231 passengers and 18 crew members.

India may need to reassess the amount of bailout funds given to Air India because the state-run carrier has breached loan limits set under a government restructuring plan, causing its finances to be squeezed, the Comptroller and Auditor General of India (CAG) said in a report on Friday.

Heavily-indebted Air India, which was bailed out in 2012 with $5.8 billion of government funding, saw its short-term loans rising to four times the limits laid down in its turnaround plan, the CAG said.

NEW DELHI: The government-owned Air India has shunted out its controversial head of operations, A K Kathpalia, replacing him with A K Govil.

Last month, aviation regulator DGCA had suspended Kathpalia's flying licence for three months for allegedly skipping the mandatory pre and post-flight alcohol test.

A Kochi-bound Air India flight from Mumbai with 58 passengers and crew on board made an emergency landing at the airport in Mangalore on Monday due to a technical snag.

"The Air India flight coming from Mumbai and heading towards Kochi made an emergency landing at 7.50 PM at the Mangalore airport due to a technical snag," an airport official said.

Air India and SpiceJet came out with offers, including free tickets, to attract more fliers as the airlines look to increase seat occupancy amid stiff competition.

While Air India is giving one ticket free for every booking in First Class and Business Class, SpiceJet would be offering tickets priced as low as Rs 777 on select routes.

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