Air India

Real that seems like reel: Train engine travels 13 kilometers without pilot; staff stops it after chasing it on a bike

An electric engine travelled for about 13 kilometers without its pilot and if you thought this was dramatic, get this! It halted only after a staff member chased it on a bike, jumped in and stopped it.

Nov 10, 2017

Man wears heroin-filled condom to dodge security, gets detained at Chennai International Airport

He was arrested at the airport by the CISF guards while travelling to Colombo from Chennai International Airport.

Nov 8, 2017

Air India looks for Rs 1,500 crore short-term loan to stay afloat until divestment

Air India has put out a requirement for Rs 1,500 crore in short-term loans for working capital needs. Read to know how it is faring.

Oct 20, 2017

Tata Group eyes buying debt-ridden Air India

Chandrasekaran said the company needs more details from the government on the process in order to finalise its position on the deal.

Oct 9, 2017

Air India taps Rs 6,000 crore loan amid disinvestment plans

The airline is facing cash deficit and the loans from the government will offer some short-term relief and meet the immediate capital requirements.

Sep 26, 2017

Air India disinvestment facing headwinds, failing to attract buyers

Another reason why investors are not showing much interest in buying the state-owned carrier is because of the company's large debt of more than Rs 52,000 crore.

Sep 25, 2017

Divestment: Air India plans road shows; looking for international buyers?

The government is aware of the possibilities of international players showing interest in the airline. They may amend rules, which at present bar international companies from bidding.

Sep 15, 2017

Air India wants Rs 3,250 crore loan for short-term relief to cash deficit

The tenure of the loan will be one year and the amount proposed will be drawn in two or three tranches.

Sep 14, 2017

If Air India bid fails IndiGo may buy stake in Jet Airways

IndiGo has a greater chance to seal the Air India deal with new foreign direct investment (FDI) policy in place.

Sep 6, 2017

Domestic flights may charge higher prices if commuters baggage exceeds 15 kg

Delhi High Court on Wednesday set aside the DGCA's order to direct the airlines not to charge more than Rs 100 per kg for extra luggage between 15 kg and 20 kg.

Aug 17, 2017

Selloff looms ahead, and Air India tags on more wings

Three Boeing 777-300 ER and as many 787-8 planes to join fleet by March 2018

Jul 27, 2017

Investment dept told to prepare proposal for Air India sale

Dipam (Department of Investment and Public Asset Management) told to coordinate with Civil Aviation ministry.

Jul 22, 2017

Nearly 2kg of morphine found from Air India flight's food trolley

Two packets wrapped in black tape were hidden beneath the cutlery during shifting of catering trolley from Air India flight No. 440 which arrived at Delhi from Chennai.

Jul 21, 2017

Air India narrows losses for FY17, operating profit skyrockets

For the financial year 2016-17, national carrier reported net loss of Rs 3,643 crore from Rs 3,836 crore in the preceding fiscal.

Jul 19, 2017

Air India chief Ashwani Lohani says stake sale 'a win-win' for employees amid reports of staff buyout

Apart from outlining the benefits of Air India's disinvestment from the business point of view, Lohani also said that the employees would enjoy working under a corporate structure.

Jul 19, 2017

Excess baggage: Air India may offer voluntary retirement to 15,000 staffers ahead of selloff

Previous attempts to offload the airline have failed because of the scale and complexity of problems at Air India, and resistance from its influential unions.

Jul 18, 2017

Air India to stop serving non-vegetarian food to economy class passengers

Air India stopped the service of non-vegetarian meals to all passengers flying economy class on all domestic flights to cut down on costs and food wastage.

Jul 10, 2017

Good in parts: Break-up of Air India an option as Modi pushes speedy sale

Modi's office has set a deadline of early next year to get the sale process for Air India underway

Jul 9, 2017

Want to acquire AI's international operations: IndiGo

While IndiGo may be interested in buying national passenger carrier Air India's international operations, it has said that it is not keen on a joint venture with the government.

Jul 7, 2017

Air India divestment: More positives than negatives to a Maharaja's selloff

Was the intangible benefits of holding on to a 13 percent market share worth pouring red ink on a battered balance-sheet? The government didn't think so.

Jul 3, 2017