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With India expected to cross the crucial 100-crore vaccination mark, Prime Minister Narendra Modi has linked getting the Covid jabs to overall recovery and progress.

Tata Sons’ $2.4 billion purchase of debt-ridden, government-owned Air India will give the conglomerate immediate access to valuable flying rights and landing slots that will help it claw back market share from foreign rivals.But industry executives warn any success will be a long and complicated process that could cost it more than $1 billion and … Continue reading Challenges abound as Tata draws up flight plan for Air India

Air India unions have served a strike notice over the issue of being asked to vacate their company accommodation in Mumbai’s Kalina within six months of the divestment deal’s transaction closing date. The Joint Action Committee of AI Unions on Wednesday issued a notice to Mumbai’s regional labour commissioner, saying they may go on an … Continue reading Staffers told to vacate quarters, Air India unions warn of strike

The government plans to sell Air India’s regional arm separately, days after Tata Sons emerged as the highest bidder for the parent carrier in an auction that didn’t include the unit, underscoring Prime Minister Narendra Modi’s attempts to steer the state away from involvement in private-sector business.

The government on Monday issued a letter of intent (LoI) confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group for Rs 18,000 crore, a senior official said.

Since the closure of Afghan airspace for commercial flights in mid-August, Delhi-London’s flying time had increased to almost 9.5 hours. Airlines are taking the longer route via south Pakistan (below Afghanistan) and then entering Iran-Turkey-beyond instead of the shorter Pakistan-Afghanistan-Turkmenistan/Uzbekistan flight path earlier.

The government on Friday announced Tata Group as the winning bidder for Air India, clearing the way for the cash-strapped Maharaja going back to the founder exactly 68 years after India had nationalised its private airlines in 1953. ​​Tata wholly owned subsidiary Talace Pvt Ltd put an enterprise value (EV) bid at Rs 18,000 crore, … Continue reading Air India back in founder Tata fold after 68 years

The government has begun evaluation of financial bids received from Tata Group and SpiceJet founder for the acquisition of Air India, sources said. With this, the privatisation process of the national flag carrier has moved to the next phase as the government looks to expeditiously conclude the deal.

The government has initiated the process of financial bids for the debt-laden national carrier Air India (AI) on Wednesday as aviation minister Jyotiraditya Scindia made it clear that September 15 date for the process is fixed and will not change.

Tata Group, SpiceJet founder Ajay Singh among multiple other bidders submitted their financial bids for buying debt-ladden Air India on Wednesday, a company spokesperson confirmed.

The government is likely to limit employee benefits only up to the time it is an owner of cash-guzzler national carrier Air India, setting the template for the privatisation of other public sector companies as part of its ambitious strategic sale programme.

Staffers from Air India’s wholly owned engineering subsidiary continued their `sit-in agitation’ on Friday, the day two of protest against their company’s move to set aside 20% of their gross salary towards payment of statutory dues.

Shareholders in Devas Multimedia have sued Air India in an effort to recover sums Devas won in arbitration awards against the Indian government and seize its flagship carrier’s foreign assets, according to a US district court filing.

A bat decided to hitch a free ride onboard an Air India flight to Newark, which had the pilots return to land back into Delhi about two hours after take off on Thursday.

In a sign that more flights, perhaps even international, could be allowed soon, Air India has cancelled leaves of its pilots with immediate effect. The airline sent an order to its pilots on Monday, saying “all leave for cockpit crew stands withdrawn with immediate effect. However, leave may be granted in extreme cases depending on … Continue reading Air India cancels all pilots’ leaves to add flights

New York-based Interups Inc has withdrawn from the Air India bidding process. Tuesday was the last date for filing EOI physically by those who had submitted the same online by the deadline of December 14 and the retirement fund of NRIs did not do the same ostensibly due to a clause that could have led … Continue reading Interups withdraws from Air India bidding process

Air India pilots have refused to accept the paltry 5 per cent roll back in “illegal pay cut” and asked Air India CMD to donate it towards funds for building the Parliament or PM CARE. Pilots said they will be forced to resort to “industrial action”, as they have given management ample time to redress … Continue reading Air India pilots reject 5% rollback in pay cut

A group of over 200 Air India employees also submitted an expression of interest (EoI) for the carrier in partnership with Interups at the close of the deadline on December 14.

Tata Group, India’s largest conglomerate, is believed to have submitted an expression of interest for the beleaguered national carrier Air India over the weekend. It is learned that the vehicle used to file the interest in AI is AirAsia India, where Tata Sons have a significant majority stake. A group of 200 Air India employees … Continue reading Tatas bid for Air India, 67 years after exit