The International Monetary Fund (IMF) on Monday said the sale of national carrier Air India will constitute an “important milestone” in India’s privatisation efforts.
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Air India ground staff and service engineers have threatened to go on an indefinite strike from November 2 over the airline’s recent notice asking them to vacate their staff quarters within six months of privatisation of the national carrier. Three unions, representing a majority of ground employees have demanded that the airline allow them to … Continue reading AI unions threaten strike to retain staff quarters
These “excess liabilities” being transferred to Air India Asset Holding Company Ltd add up to Rs 15,834 crore — which is more than a quarter of the airline’s total debt, pegged at Rs 61,562 crore at the end of August.
Tata Sons is preparing to make sweeping changes at Air India that would cut costs and streamline operations to better position the carrier in the competitive skies. A new set of directors would take charge of the Air India board once the ownership of the carrier is transferred to Tata Sons by the government.
Facebook users who recently watched a video from a British tabloid featuring Black men saw an automated prompt from the social network that asked if they would like to “keep seeing videos about Primates,” causing the company to investigate and disable the artificial intelligence-powered feature that pushed the message.
Preparing for the impending privatisation of Air India (AI), the government has asked the airline management to ensure employees vacate company accommodation in AI residential colonies within six months of the Maharaja getting a new owner.
Air India has been suffering heavy losses since its merger with Indian Airlines in 2007 and it has accumulated losses of about Rs 70,820 crore till March 31, 2020, minister of state for civil aviation V K Singh said on Wednesday.
Artificial intelligence specialist, AR (augmented reality) experts, genomic portfolio director, master edge computing and digital imaging leader are some of the hottest jobs this year, as per staffing company TeamLease’s Jobs and Salaries Primer Report 2021.
UAE-based Indian businessman S P Singh Oberoi was pleasantly surprised to have the whole plane to himself when he boarded Air India’s flight from Amritsar to Dubai with an economy-class ticket in hand.
Union civil aviation minister Hardeep Singh Puri on Friday said that that the disinvestment process of Air India is getting delayed due to the second wave of the Covid pandemic and assured that the disinvestment process will happen in this year.
Coming to the aid of all Air India pilots whose services were terminated, including the contractual ones, the Delhi high court on Tuesday quashed the national carrier’s decision of last year and directed their reinstatement. The HC also ordered back wages to be paid to the reinstated pilots. The court also said that extension of … Continue reading HC quashes AI’s decision terminating pilots, orders reinstatement
Alphabet Inc’s Google fired staff scientist Margaret Mitchell on Friday, they both said, a move that fanned company divisions on academic freedom and diversity that were on display since its December dismissal of AI ethics researcher Timnit Gebru.
The department of investment and public asset management (DIPAM) has asked the transaction adviser (TA) for Air India divestment to “strictly maintain the confidentiality of the potential bidders.” It has also mandated that potential bidders will sign a “non-disclosure undertaking” about not revealing their identity. The government has appointed Ernst and Young LLP India (EY) … Continue reading ‘Strictly maintain confidentiality of AI bidders’
A maturing ecosystem and tailwinds on the digital front due to Covid have expanded the ‘deep technology’ component of the Indian startup ecosystem. Deep tech includes the use of emerging and new-age tech such as AI, machine learning (ML), augmented & virtual reality, blockchain, robotics and 3D printing.
Air India (AI) pilots have rejected a 5% reversal in their pay cut and asked the management to “donate” the funds for building the new Parliament. They have also warned of industrial action unless the paycut is significantly reduced in wake of air traffic beginning to revive.
Air India has asked all its pilots and cabin crew members to stay in their hotel room during layovers at both domestic and international destinations as a new and more infectious Covid virus variant has unleashed fresh fears.
Air India has got some reprieve from a UK court as it allowed AI time until early Jan to make payments in a case of unpaid dues of over $17.6 million, with the judge accepting the “broad thrust” of the airline’s financial difficulties, especially due to the grounding of flights during the Covid-19 lockdown. The … Continue reading AI gets reprieve in UK court over lease payments
Air India pilot bodies IPG and ICPA on Saturday advised their members not to participate in the airline’s disinvestment process, saying that the management has still not addressed their concerns over “disproportionate” pay cut, which has been in effect since April this year.
Two pilots’ unions on Monday wrote to Union minister of civil aviation Hardeep Singh Puri seeking an urgent meeting with him to discuss the “indefinite and unilateral” salary deductions faced by the pilots of Air India.
Air India is offering a one-time free rescheduling to its passengers who could not reach Delhi airport on Thursday to catch their flights, due to closure of the capital’s border in wake of the farmers’ protest march. Security personnel were deployed at Delhi borders to prevent farmers protesting against recent farm laws from marching to … Continue reading Farmers’ protest: AI offers free rescheduling for flyers
National carrier Air India has crossed a historic milestone of flying over one million passengers to and from India on its Vande Bharat Mission flights which began in May, over a month after the government banned international scheduled flight movements.
Hong Kong has for the fourth time suspended Air India flights, now till November 10, after some passengers from India tested Covid positive on arrival there. This time the ban is reportedly on flights from Mumbai alone.
India has now entered into an air bubble arrangement with Japan and Air India will operate flights on Delhi-Tokyo route on which permitted categories of travellers can fly.
To attract potential suitors, the government will ease asset valuation norms for Air India by allowing bidders to put in offers on an enterprise value basis, a source said on Monday. To begin with, the government is likely to further extend the deadline for putting in a preliminary expression of interest for the loss-making national … Continue reading AI bid deadline may be extended till December 15
The government is moving ahead with Air India strategic sale and is expected to ask suitors to bid based on the combined equity and debt value while turning down suggestions to either run the operations for next two-three years or shut down the national carrier. A panel of officers is also not in favour of … Continue reading Govt to go ahead with AI sale, may not retire debt
Indian banking sector needs to use emerging technologies such as artificial intelligence (AI) and machine learning for corporate loans for quality lending, chief economic adviser (CEA) Krishnamurthy Subramanian said on Thursday.
The transaction adviser for Air India’s divestment has suggested four options to the government regarding the struggling airline’s future that range from shutting it down to further reducing the debt of over Rs 23,000 crore that bidders need to take on and letting them choose a level they find viable.