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Air India Disinvestment: No final decision on stake sale yet, says Civil Aviation Minister Gajapathi Raju
Posted on 22nd February 2018
Air India stake sale: After Civil Aviation Minister Gajapathi Raju said earlier this month that any ‘unsolicited expression of interest’ in Air India is no longer relevant, even as many airlines are reportedly queuing up to pick up a stake in the state-run carrier, the minister said on Wednesday that no final decision has been made as yet. Addressing a press conference yesterday, Civil Aviation Minister Gajapathi Raju said that while there is no final decision as yet, there are lots of suggestions and the government is still mulling on the issue.

Air India, Vistara planes almost collide mid-air, put 250 flyers at risk
Posted on 12th February 2018
A mid-air disaster was averted in the Mumbai airspace when a Vistara aircraft came perilously close to an Air India plane, prompting the Aircraft Accident Investigation Bureau (AAIB) to launch a probe.

On February 7, the Vistara's UK 997 Pune-bound aircraft from Delhi, carrying 152 passengers, was just 100 feet away from the Air India's AI 631 flight for Bhopal which had 109 passengers on board.


Air India's loss widens to Rs 57 bn in FY17 from Rs 38 bn in FY16
Posted on 9th February 2018
Contrary to popular belief that Air India made a turnaround under the current National Democratic Alliance government, figures show that its loss widened instead. According to figures provided in Parliament by minister of state for civil aviation Jayant Sinha, the state-owned carrier registered a loss of Rs 57.65 billion in FY17, Rs 19.29 billion higher than Rs 38.36 billion loss in FY16.

The figures reflect significant deviation from the minister’s own parliamentary disclosure on July 27, 2017.


Saudi Arabia ‘allows’ Air India to use its skies for flights to Tel Aviv: Report
Posted on 8th February 2018
Saudi Arabia has allowed Air India to use its airspace for flights between Delhi and Tel Aviv, Israeli daily Haaretz reported. However, a spokesperson for Saudi Arabia’s General Authority of Civil Aviation was quoted in another media report denying that any such permission was granted to Air India.

It could not be confirmed from either the ministry of civil aviation here or Air India, whether the national carrier has been given right to use Saudi airspace for flight to Tel Aviv.


Air India disinvestment: Any unsolicited interest not relevant now, says Civil Aviation Minister
Posted on 7th February 2018
With many airlines reportedly queuing up to pick up a stake in Air India, the civil aviation minister Gajapathi Raju said that any unsolicited expression of interest in the state-run carrier is not relevant at this stage. Gajapathi Raju made the statement in the Rajya Sabha while in response to a question. “The draft EOI document inviting proposals for disinvestment of airline is yet to be issued. Formal proposals from prospective bidders would be received thereafter only. Any unsolicited EOI at this stage is not relevant,” Raju said.

Israel to give 750,000 euros to Air India for launching Delhi-Tel Aviv flight
Posted on 6th February 2018
Air India will get a one-time grant of 750,000 euros from Israel for launching direct flights between New Delhi and Tel Aviv, which is likely to be launched next month, a senior Israeli official said today. “The Ministry of Tourism will approve a grant to Air India in response to their request and according to the conditions of the directive, which includes a grant of 250,000 Euro per weekly flight, up to a total of three weekly flights,” Lydia Weitzman, a spokesperson for the Ministry of Tourism, told PTI here.

Govt wants to finish privatisation of Air India by Dec 2018: Jayant Sinha
Posted on 1st February 2018
The government is expecting to have the winning bidder for national carrier Air India by the end of June and the "legal closing" of the transaction by year-end, Union Minister Jayant Sinha said on Friday.

To revive the fortune of the debt-laden carrier, the government has decided on a strategic disinvestment and a group of ministers is working on the modalities.


Union Budget 2018: Any big announcements on Air India?
Posted on 1st February 2018
NEW DELHI: Air India, India's flagship carrier, may get a sepcial mention in Union Budget 2018.

The Economic Survey released two days ago suggested that the government would do well to complete Air India's disinvestment in the next financial year.


Jet Airways, IndiGo, SpiceJet, Vistara seen interested in Air India privatization
Posted on 31st January 2018
New Delhi: More domestic airlines could show interest in Air India, the soon to be privatized state-run airline, aviation consulting firm Capa said in its outlook for 2018-19.

“Up to four Indian carriers could express interest—Jet Airways, IndiGo, SpiceJet and Vistara,” Capa said in a report released in Mumbai on Tuesday.


1/3rd of flights late, Jet Airways beat Air India in being tardy last year
Posted on 30th January 2018
National carrier Air India has always been the worst in punctuality, but now that ignominy has passed to Jet Airways in India. It got the tag of the worst on-time performance in eight out of 12 months in 2017, with as many as a third of its departures delayed.

Jet Airways and Jet Lite carried 20.7 million domestic passengers in 2017. For the businessmen, industrialists, corporates and other frequent flyers among this lot, Jet's poor punctuality record has turned flying into a pain.


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