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Centre plans to float EoIs for Air India by October
Posted on 18th July 2019
In its second attempt to sell Air India, the central government has put the divestment process on the fast track.

Sources close to the development said the expression of interest (EoI) for divestment of Air India may be out by October.

Air India links Indore to Dubai with direct flight
Posted on 16th July 2019
Air India today linked Indore with Dubai with a non-stop flight, fulfilling a long-standing desire for a direct flight to the Gulf from the travel fraternity and tourists.

From Indore, Air India is operating a 162-seater A320neo aircraft, which will fly 3 times a week directly to Dubai on every Monday, Wednesday and Saturday.

Air India pilot grounded for three months after failing alcohol test
Posted on 15th July 2019
New Delhi: An Air India pilot has been grounded for three months after he tested positive in a pre-flight breath analyser (BA) test here on Saturday.

The pilot wanted to fly as a passenger from Delhi to Bengaluru. Since the flight was full, he requested to fly in the cockpit as an additional crew member.

Air India looks to sell out of trouble, identifies 30 plots in metros for sale
Posted on 12th July 2019
Air India has plans to sell 30 unutilised tracts of land in cities like Mumbai and Delhi to retire the debt transferred to special purpose vehicle Air India Asset Holding, civil aviation minister Hardeep Singh Puri told Parliament on Thursday.

These land parcels include 1.7 lakh sq m and 14,326 sq m plots in Mumbai and New Delhi, respectively. Other cities where the national carrier holds unused land are Bengaluru, Kolkata, Chennai and Ahmedabad.

Ahead of Air India sale, govt calls for impact study of Jet Airways’ closure
Posted on 9th July 2019
Ahead of the proposed sale of the loss-making Air India, an anxious ministry of civil aviation has called for an impact analysis of the closure of Jet Airways. Ernst & Young (EY), the advisors to the sale, which flopped the first time, has been tasked with assessing the chances of a success in the light of shutdown of Jet Airways.

Govt likely to set October deadline for cash-strapped Air India sale
Posted on 8th July 2019
The build-up to Air India privatisation has taken off in full swing with the Union Budget announcing it as the centrepiece of divestment this year. The government is targeting October as the deadline for announcing the deal.

Not leaving anything to chance after a failed attempt earlier, the government has shortlisted the potential bidders, with the Tata group on top for its interest in aviation.

SpiceJet plane goes past runway, Air India jet veers off taxiway on landing
Posted on 1st July 2019
A SpiceJet plane Sunday overshot the runway while landing at the Surat Airport, while an Air India Express flight had a narrow escape when the aircraft that arrived from Dubai veered off the taxiway after landing at Mangaluru Internatioal Airport.

None of the passengers and crew members on board were hurt in the incident, an airport official at Surat airport said.

DNA Money Edit: Air India should capitalise on Jet Airways collapse
Posted on 28th June 2019
Hours after civil aviation minister Hardeep Singh Puri's remark in parliament on Thursday that the present economic environment is not conducive for stake sales in Air India, the ministry issued a statement contradicting it. The ministry release said that the non-conducive environment was last year. However, things have improved now and the government plans to go ahead with privatisation.

Fresh bid to sell Air India: Finance Ministry to prepare new proposal; to consider these issues this time
Posted on 19th June 2019
The Finance Ministry is preparing a fresh proposal for sale of Air India, incorporating issues like crude oil prices and exchange rate volatility, flagged by EY last year on possible reasons of the government failing to attract bidders for the national carrier. The ministry’s proposal, to be placed before Air India Specific Alternative Mechanism (AISAM), will also include option of selling either 100 per cent or 76 per cent government stake in Air India.

Air India spreads its wings, plans flights for Bali, Nairobi and Toronto
Posted on 15th June 2019
Air India plans to launch services from Delhi to Bali, Nairobi and Toronto in the winter schedule as it looks to consolidate its position as the largest carrier on overseas routes from India.

Currently, there is no non-stop service from Delhi to Nairobi and Bali while Air Canada flies daily to Toronto. New services are being proposed as Air India expects the return of its seventeen grounded planes in service by October end.

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