Air India says I am the Maharaja, not IndiGo; refutes report of losing international crown
Posted on 3rd September 2019 |
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The state-run carrier Air India is still the market leader to fly on international routes with more than double the capacity of rival IndiGo, the airline said on Monday. The clarity on the matter comes a day after a report said that the Maharaja has been pipped by IndiGo as the later “now has the largest share of international seats to/from India”, a consultancy firm, Centre for Asia Pacific Aviation (CAPA), said in its report on August 31. |
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Government to completely exit Air India: Hardeep Puri
Posted on 30th August 2019 |
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Civil aviation minister Hardeep Puri on Thursday said the government will completely exit Air India, and there is already significant interest among prospective buyers for it. “Air India should be totally privatised. We have to get the best possible deal and we have to get it in the shortest possible time available,” Puri told reporters. |
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Not govt’s business to do business: Hardeep S Puri says govt firm on Air India divestment
Posted on 29th August 2019 |
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Reaffirming government’s plans to go ahead with the divestment of ailing national carrier Air India, Civil Aviation Minister Hardeep S Puri said that the “government is determined to privatise Air India”. Speaking at a press conference, the minister reiterated that it is not government’s business to run airlines and hence Maharaja must go to a private player. However, the Air India brand will remain Air India, he added. |
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Air India puts more than 60 real estate assets under the hammer
Posted on 16th August 2019 |
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MUMBAI: Air India Ltd is auctioning more than 60 real estate assets, including some it could not sell at its last auction in April, as the debt-laden national carrier makes a renewed attempt to raise funds. The last date for submitting bids is 30 August, according to a tender document issued by the airline. |
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Air India Express net drops 35% as fuel costs jump
Posted on 31st July 2019 |
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Air India Express, a regional international arm of national carrier Air India, reported a 35.5% drop in net profit of Rs 169 crore for the fiscal ended March 31, 2019, as compared to Rs 262 crore during the previous year. The low-cost carrier, which first started its operations in 2004, has been registering profits for four years since 2015-16, though its parent company Air India has been struggling to survive due to huge legacy and operational costs. |
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Govt asks Air India to put new flights, promotions on freeze
Posted on 22nd July 2019 |
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Even as the process for disinvestment of national carrier Air India is already set in motion, the government has asked the airline management to start new flights only if it is extremely necessary after due diligence of commercial interest. The airline has also been asked to put a freeze on large-scale appointments and promotions. |
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Centre plans to float EoIs for Air India by October
Posted on 18th July 2019 |
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In its second attempt to sell Air India, the central government has put the divestment process on the fast track. Sources close to the development said the expression of interest (EoI) for divestment of Air India may be out by October. |
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Air India links Indore to Dubai with direct flight
Posted on 16th July 2019 |
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Air India today linked Indore with Dubai with a non-stop flight, fulfilling a long-standing desire for a direct flight to the Gulf from the travel fraternity and tourists. From Indore, Air India is operating a 162-seater A320neo aircraft, which will fly 3 times a week directly to Dubai on every Monday, Wednesday and Saturday. |
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