Page 12 - Air India

Air India to invest $400 mn to refurbish wide-body aircraft cabin interiors

Tata Group-owned carrier Air India said on Thursday it would invest $400 million to refurbish cabin interiors

Long-overdue brand reboot aims to rescue Air India's battered image

While Air India remains a high-profile operator in one of the world's biggest aviation markets, customer complaints about a decline in standards have hurt its reputation

Air India leases 6 more planes to expand international flight operations

The 30 planes leased in September are expected to be inducted in the airline's fleet by 2023-end and the other 6 by June 2023

Air India announces to lease six Boeing 777 aircraft to expand its fleet

Air India on Monday said it is leasing six wide-body Boeing B777 aircraft to expand its existing fleet, which will be in addition to the leasing of 30 planes announced earlier this year. Earlier in the day, the Tata Group-owned full service carrier had announced that it has decided to lease 12 aircraft -- six wide-body B777-300ER and six narrow-body A320neo -- to augment its fleet for expanding its domestic and international flight services network. In a revised statement, Air India said it will lease six B777-300 ER aircraft to further augment its existing fleet. These aircraft are expected to be inducted in the first half of 2023, it added. Air India's B777-300 ER will have four class configuration -- first, business, premium economy and Economy -- and will be deployed to connect metro cities of the country with more international destinations, the airline said. In addition to leasing of aircraft, Air India has also brought back into operations 19 planes, which were grounded for

Air India leases 12 more aircraft to enhance international operations

These aircraft are expected to be inducted in the first half of 2023 and will be deployed on the flag carrier's short, medium and long-haul international routes

Indian legal system a hurdle for aircraft lessors: Air India to govt

Lessors wish to set up SPVs outside India

TMS Ep316: Pvt credit, Air India-Vistara merger, Markets, New rice variety

Why is demand for private credit rising? What are the challenges facing Air India-Vistara merger? How will Kirit Parikh panel gas reforms impact companies? What's the perennial rice variety of China?

What challenges could emerge from the Air India-Vistara merger?

India's second largest airline, Vistara, is being merged with Tata-owned Air India. Apart from the opportunities, what challenges will this merger pose for the airlines? Find out what the experts say

Air India ropes in Futurebrands to redraw its branding strategy: Report

Futurebrands has earlier worked on rebranding the American Airlines and luxury auto brand Bentley

TCS, Tata Coffee: 5 Tata Group stocks that you can bet on for a good return

With in the Tata Group space, except for Indian Hotels, others like TCS, Tata Motors, Trent and Tata Coffee seem poised for a buoyant rally in the near term.

Top Headlines: India's G20 presidency from today; GDP growth in Q2 and more

Here is our morning brief of today's top headlines

Air India group most frequent flyer on 7 of 10 busiest domestic routes

Also runs IndiGo close on the other three

Why merging Brand Vistara with Air India makes sense: Experts explains

With a single airline brand, Tatas aim for quick business turnaround

Singapore Airlines' financial outlay for Vistara-AI merger minimal: Report

The financial outlay for the Singapore Airlines Group under the proposed Vistara-Air India merger is "minimal when considered against the fact that it is acquiring a 25.1 per cent in interest in the enlarged Air India", according to a regulatory filing. Singapore Airlines (SIA), which commenced services to India more than 50 years ago, expects to immediately gain exposure to an entity that is four to five times larger in scale post the merger. On Tuesday, Tata group and SIA announced the merger of Vistara with Air India and subject to regulatory approvals, the deal is expected to be completed by March 2024. The financial exposure of the SIA Group for the merger would effectively be the aggregate of the value of its 49 per cent interest in Vistara and the cash consideration of Rs 2,058.5 crore. "It is noted that due to losses sustained since 2013, Vistara has zero carrying value in the SIA Group financial statements as at 30 September 2022," SIA said in the filing to the Singapore .

'Do not worry about future', Vistara CEO Vinod Kannan writes to employees

In a mail to the employees of Vistara following the announcement of the merger with Air India, Kannan said that it will be 'business as usual' for the airlines

Tata group, Singapore Airlines finalise merger of Air India and Vistara

Combined entity will become India's largest international and second largest domestic carrier

Vistara merger will bolster Air India's transformation effort: CEO Wilson

Air India chief Campbell Wilson on Tuesday said that Vistara's success will strengthen Air India's transformation programme and also help in quickly attaining the size befitting a global carrier. After the announcement of the decision to merge Vistara with Air India, Vistara CEO said it will be business as usual for all its stakeholders during the integration process that will take some time. Subject to regulatory approvals, the merger is expected to be completed by March 2024. In a statement, Campbell said Vistara has achieved much over the last eight years. "The skills, people, systems and processes that have driven Vistara's success will complement, strengthen and accelerate Air India's Vihaan.AI transformation programme," the CEO and MD of Air India said. Further, he said the merger will enable the new Air India to more quickly attain the size, reach and quality befitting of a world class airline proudly representing India around the globe. Tata group took over the loss-makin

Tata Group announces Air India merger with Vistara; SIA to get 25% stake

Singapore Airlines on Tuesday said Vistara will be merged with Tata group-owned Air India. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA). As part of the transaction, SIA will also invest Rs 2,058.5 crore in Air India. "This would give SIA a 25.1 per cent stake in an enlarged Air India group with a significant presence in all key market segments. SIA and Tata aim to complete the merger by March 2024, subject to regulatory approvals," SIA said in a release.

Air India gets first Boeing 777-200LR to fly on international route

The Boeing aircraft leased from Delta airlines has premium economy class along with standard classes

Domestic airlines flew 409,831 passengers on Sunday, highest since May 2020

Air traffic touches nearly 96 per cent of pre-Covid level