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Air India bond issue a big draw
Posted on 17th September 2019
Air India Assets Holdings Ltd (AIAHL), a special purpose vehicle, has raised Rs 7,000 crore through a bond issue, which was subscribed nearly three times.

AIAHL had come out with its maiden bond issue for Rs 1,000 crore with an option to retain an additional subscription of up to Rs 6,000 crore. The bonds are fully-backed by the government.


Air India posts Rs 4,600 cr operating loss in 2018-19; aims profit this fiscal
Posted on 16th September 2019
New Delhi: Air India posted an operating loss of around Rs 4,600 crore in the last financial year mainly due to higher oil prices and foreign exchange losses but the debt-laden carrier expects to turn operationally profitable in 2019-20, according to senior officials.

Air India posts Rs 4,600 cr operating loss in 2018-19; aims profit this fiscal
Posted on 16th September 2019
New Delhi: Air India posted an operating loss of around Rs 4,600 crore in the last financial year mainly due to higher oil prices and foreign exchange losses but the debt-laden carrier expects to turn operationally profitable in 2019-20, according to senior officials.

Air India says I am the Maharaja, not IndiGo; refutes report of losing international crown
Posted on 3rd September 2019
The state-run carrier Air India is still the market leader to fly on international routes with more than double the capacity of rival IndiGo, the airline said on Monday. The clarity on the matter comes a day after a report said that the Maharaja has been pipped by IndiGo as the later “now has the largest share of international seats to/from India”, a consultancy firm, Centre for Asia Pacific Aviation (CAPA), said in its report on August 31.

Government to completely exit Air India: Hardeep Puri
Posted on 30th August 2019
Civil aviation minister Hardeep Puri on Thursday said the government will completely exit Air India, and there is already significant interest among prospective buyers for it. “Air India should be totally privatised. We have to get the best possible deal and we have to get it in the shortest possible time available,” Puri told reporters.

Not govt’s business to do business: Hardeep S Puri says govt firm on Air India divestment
Posted on 29th August 2019
Reaffirming government’s plans to go ahead with the divestment of ailing national carrier Air India, Civil Aviation Minister Hardeep S Puri said that the “government is determined to privatise Air India”. Speaking at a press conference, the minister reiterated that it is not government’s business to run airlines and hence Maharaja must go to a private player. However, the Air India brand will remain Air India, he added.

Air India puts more than 60 real estate assets under the hammer
Posted on 16th August 2019
MUMBAI: Air India Ltd is auctioning more than 60 real estate assets, including some it could not sell at its last auction in April, as the debt-laden national carrier makes a renewed attempt to raise funds.

The last date for submitting bids is 30 August, according to a tender document issued by the airline.


Pak closes a corridor of its air space, Air India says won't affect us much
Posted on 8th August 2019
Pakistan has closed a corridor in its airspace, which will result in an additional up to12 minutes of flying time for overseas flights, an Air India official said on Wednesday.

The flights will have to be diverted to other routes due to the closure, the official said.


Air India Express net drops 35% as fuel costs jump
Posted on 31st July 2019
Air India Express, a regional international arm of national carrier Air India, reported a 35.5% drop in net profit of Rs 169 crore for the fiscal ended March 31, 2019, as compared to Rs 262 crore during the previous year.

The low-cost carrier, which first started its operations in 2004, has been registering profits for four years since 2015-16, though its parent company Air India has been struggling to survive due to huge legacy and operational costs.


Air India plans to bring all 17 grounded aircraft back into operation by October-end, says Ashwani Lohani
Posted on 23rd July 2019
Air India is planning to bring all of its 17 aircraft, which have been grounded for a “prolonged” period, back into operation by October-end, its chief Ashwani Lohani has said.

These 17 aircraft have been grounded for time periods ranging from four months to one year due to lack of funds for their repair and maintenance.


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