Page 16 - Air India

Govt starts works on sale of 4 Air India subsidiaries it retained

Ground-handling arm would be monetised first; investor roadshows for all companies organised

Govt begins sale of erstwhile national carrier Air India's 2 subsidiaries

The government has initiated the process of privatising 2 subsidiaries AIASL and AIESL of erstwhile national carrier Air India, an official said. The Department of Investment and Public Asset Management (DIPAM) has initiated investor meetings and roadshows to gauge interest in AIASL and AIESL. We will soon invite EoIs from interested bidders, the official said. A debt-laden Air India was sold to Tata Group in October last year for Rs 18,000 crore. The actual handover to Tatas happened on January 27, 2022. However, four Air India subsidiaries -- Air India Airport Services Ltd (AIASL), Air India Engineering Services Ltd (AIESL), Alliance Air Aviation Ltd (AAAL), and Hotel Corporation of India Ltd (HCI) -- and other non-core assets, painting and artefacts, besides, non-operational assets were not part of the deal. These subsidiaries and non-core assets valued at about Rs 15,000 crore have been transferred to an SPV Air India Assets Holding Ltd (AIAHL). The government had then sai

TMS Ep262: Air India, Roger Federer's legacy, IT stocks, Yvon Chouinard

Can Air India become the Maharaja of Indian skies? What's Roger Federer's legacy? Will IT stocks continue to underperform? How Patagonia and Yvon Chouinard plan to save the earth? All answers here

Can Air India become the Maharaja of Indian skies again?

Air India has unveiled a five-year transformation plan that is expected to triple its domestic market share. So, can Air India become the 'Maharaja' of Indian skies again? Let us find out

Akasa Air filled 53% seats in August, accounting for 0.2% market share

Top-6 carriers posted much higher seat occupancy; experts say not much can be read into Akasa's load factor as airline is at a very nascent stage

Five-year transformation goal: Air India eyes 30% domestic share

Air India, as it operates wide-body planes with bigger fuel tanks, is the market leader on long international routes that reach as far as the US

Top headlines: AI puts in place transformation plan;BPCL divestment stalled

The carrier, which plans to induct 30 new wide-body and narrow-body aircraft, on Thursday announced 'Vihaan.AI', a comprehensive transformation plan with a detailed road map for next five years

AI puts in place transformation plan; aims 30% domestic mkt share in 5 yrs

Air India aims to have a domestic market share of 30 per cent and significantly strengthen its international operations in next five years, with the Tatas-owned airline putting in place a transformation plan after gathering feedback from staff. The carrier, which plans to induct 30 new wide-body and narrow-body aircraft, on Thursday announced 'Vihaan.AI', a comprehensive transformation plan with a detailed road map for next five years. Under the plan, the focus will be on dramatically growing both its network and fleet, developing a completely revamped customer proposition, improving reliability and on-time performance, and taking a leadership position in technology, sustainability, and innovation, as well as aggressively investing behind the best industry talent, according to a release. "Over next 5 years, Air India will strive to increase its market share to at least 30 per cent in the domestic market while significantly growing the international routes from the present market ...

AI Express B737 engine catches fire at Muscat airport, all 141 evacuated

Plane was taxiing towards runway when crew of another aircraft noticed fumes, alerted pilots

Flying economy, premium economy, business, first class: What's the deal

Air India says it will offer premium economy service when it buys new aeroplanes

Battle for skies: Tatas kick-start Air India fleet expansion via leasing

Airline to offer premium economy class

Top headlines: Retail inflation rises to 7% in August; AI leases 30 planes

India plans to pay about Rs 20,000 crore ($2.5 billion) to the state-run fuel retailers, such as Indian Oil Corp., to partly compensate them for losses and keep a check on cooking gas prices

Air India to get 30 planes including 5 Boeings, over next 15 months

Air India on Monday said it will progressively induct 30 new aircraft, including 5 wide-body Boeing planes, from December this year, as the Tatas-owned airline looks to boost its domestic and international services. The airline has signed leases and letters of intent for inducting 5 wide-body Boeing and 25 Airbus narrow-body planes over the next 15 months. "These new aircraft, which will enter service from late 2022, will increase the airline's fleet by over 25 per cent. Not counting the 10 long-grounded narrow-body and 6 wide-body aircraft that have been returned to service in recent months, these new aircraft mark the first major fleet expansion since Air India's acquisition by the Tata Group earlier this year," it said in a release. The planes being leased include 21 Airbus A320 neos, 4 Airbus A321 neos and 5 Boeing B777-200LRs. The B777-200LRs will join the fleet between December 2022 and March 2023. They will be deployed on routes from Indian metro cities to the US. "Mumbai w

Air India goes on a digitisation drive to enhance its efficiency

On Friday, the airline announced it was vacating government-owned premises as part of consolidation of workplaces

Tata Neu onboarding Titan by Diwali; Tata Motors and Air India next

Tata Neu 2.0: Super app to undergo revamp for a better user experience

Air India Group starts vacating its offices from govt-owned properties

The Air India Group has started vacating its offices, which are currently being operated from government-owned properties, from this month, as part of its strategy to consolidate workspaces across the country. The loss-making Air India and its international budget arm Air India Express were taken over by The Tata Group on January 27 this year, after successfully winning the bid for the airline on October 8, last year. Besides these two airlines, Tata Group also holds a majority 51 per cent stake in Vistara, its joint venture airline with Singapore Airlines (SIA), and a 83.67 per cent stake in budget carrier, AirAsia India. Air India, Air India Express and AirAsia India will be housed jointly in a modern office campus in the National Capital Region by March next year, in line with this consolidation strategy, which is being undertaken to improve collaboration and more easily deploy new technology, among others, according to a statement. Air India has its largest base of staff locate

Air India announces direct flights to Doha from Mumbai, Hyderabad, Chennai

Ahead of the football world cup in Doha, Tata group-owned Air India on Thursday announced introduction of 20 new flights per week to Qatar from key Indian cities. "The added capacity will cater to the surge in demand expected around the football extravaganza in Qatar scheduled in November and December 2022," the airline said in a statement. The flights, to be introduced from October 30, will connect Mumbai, Hyderabad and Chennai with Qatar's capital Doha during this period. "Thirteen flights per week will operate from Mumbai, four from Hyderabad and three from Chennai," it said. These flights will be in addition to the existing daily flights to Doha from Delhi. The additional connectivity to Qatar follows Air India's increase of 14 new flights on its domestic network last month. These additional 14 flights included two new frequencies on each of the Delhi-Mumbai, Delhi-Bengaluru and Mumbai-Chennai routes, as well as one new frequency on the Mumbai-Bengaluru route. "The strengthe

Air India to redesign flight schedules to improve OTP: CEO Wilson

Air India's on-time performance at four metro airports -- Bengaluru, Delhi, Hyderabad and Mumbai -- was 83 per cent in July: DGCA

Capt R S Sandhu to continue as Chief of Operations of Air India

Air India announced that Captain Rajwinder Singh Sandhu will continue to lead as Chief of Operations of the airline till further notice

Air India to restore employees' pre-Covid salaries from Sept 1: CMD

Carrier to also revise layover allowances and meal arrangements for flight crew