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JNPT may buy Air India building for ₹ 2,000 crore by year-end
Posted on 10th September 2018
Mumbai: Air India Ltd expects to sell its former head office in Mumbai for an estimated 2,000 crore by the end of March to state-run Jawaharlal Nehru Port Trust (JNPT), said a senior airline official. Both JNPT and Air India are carrying out their individual valuations of the iconic Air India building at Mumbai’s Nariman Point, the Air India official, who declined to be named, told Mint. “The proceeds from the sale of the building will be used to pay off a part of the airline’s debt,” said the official.

Air India may be board-managed if new turnaround plan is cleared
Posted on 7th September 2018
Mumbai: Air India will soon be managed by a board, if a turnaround plan being charted out by the government that involves financial and organization reform is approved, a senior Air India official aware of the development said on condition of anonymity.

“The plan is to make Air India stand on its own feet so that it can be sold in future,” said the official cited above.


Modi government working out relief package for airlines; Air India gets Rs 2,100 crore borrowing guarantee
Posted on 5th September 2018
In a breather to Indian aviation industry, which is reeling under rising fuel prices, low fares and high taxes, the government is working on a relief package for the airlines to help them cut costs and cope with depreciating rupee. While speaking on the sidelines of the International Aviation Summit organised by the International Air Transport Association,

Govt may infuse Rs 2,200 cr more into Air India in 2018-19
Posted on 29th August 2018
With cash crunch likely to continue in Air India (AI) due to rising fuel costs, the Centre may infuse additional Rs 2,200 crore in the debt-ridden national carrier later in the current financial year to meet an estimated shortfall in working capital requirement to service loans and pay salary in time.

Spares shortage rocks Air India
Posted on 20th August 2018
New Delhi: Air India has slipped in its payments to key spare parts vendors, prompting many to stop supplies to the ailing airline.

According to sources, the dues of suppliers such as Airbus, Honeywell, Meggit International, Goodrich, Hamilton, Wesco Electrical remain unpaid, some for more than three quarters, leading to the shortage of parts that has resulted in a large part of the fleet being grounded.


Air India pilots threaten to stop operations over non-payment of dues
Posted on 18th August 2018
A section of Air India pilots have threatened to stop operations if their flying allowance dues are not paid immediately.

Alleging that while the salaries and perks of other employees are paid in full albeit with a delay, the same for the pilots and cabin crew are "ignored", despite the fact that flying allowances of these two licenced categories of employees form a major chunk of their salaries.


Air India says yet to receive equity infusion from government
Posted on 14th August 2018
National carrier Air India on Monday said it is yet to receive the equity infusion from the government to meet its working capital requirements after an airline’s pilots’ body claimed grounding of several aircraft due to lack of funds.

“There is no money for spares and maintenance of these aircraft. Some of them have been grounded for the last three months.


Air India's financial troubles affecting its operations, says ICPA
Posted on 13th August 2018
Lack of funds is leading to more problems than just non-payment of salaries at national carrier Air India. According to the Indian Commercial Pilots Association (ICPA), Air India has grounded 23 per cent of its present fleet, mainly due to lack of spares and poor maintenance.

Air India Independence Day sale: Book flight tickets at ‘attractive’ discount; check details
Posted on 11th August 2018
Air India Independence Day sale: On the occasion of India’s Independence Day, the national air carrier is offering an attractive discount on flight tickets across the airline’s network, Air India said on its official Twitter handle. The customers can avail full benefits of the offer by making an online booking at air carrier’s website – airindia.in. The latest discount offer is applicable till 15, 2018.

Air India cancels flight to accommodate Haj pilgrims
Posted on 10th August 2018
Even as Congress MP Shashi Tharoor took to Twitter on Thursday criticising Air India for cancelling its scheduled flight from Thiruvananthapuram to Bengaluru from August 23 to 27, which is during the Onam festival week, thus inconveniencing passengers who had booked months in advance, the national carrier said that the cancellation has been done to utilise the aircraft for Haj pilgrims.

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