Airlines need a proper business model to conform to Indian conditions Budget airline Go First hastily filed for bankruptcy protection earlier this month and suspended its operations for a few days. According to reports, the lessors of the 20 aircraft that Go First leased have also petitioned India’s aviation authority to deregister them, enabling their...
Tag: Air India
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Mumbai Aiport directs Air India to evacuate non-operational land
The non-operational property includes 4 employee colonies with 1,600 families
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Air India to post operating profit of Rs 300 crore this financial year
Air India is projected to post an operating profit of Rs 300 crore in the current fiscal and there is no plan to privatise the airline, the government has confirmed.
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Delhi Airport signs agreement with Airbus to develop first full flight simulator
Delhi International Airport (P) Ltd, a GMR led consortium, has announced that it has signed a land license agreement with Airbus for setting up IndiaÂ’s first full flight simulator at the Aerocity - Terminal District of Indira Gandhi International (IGI) Airport.
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Air India to raise over Rs 3,000 crore for purchasing Boeing aircraft
Air India is looking to raise short-term loans worth over Rs 3,000 crore to partly fund the acquisition of four Boeing 787 planes. It plans to induct these four aircraft — part of the 27 aircraft order placed with Boeing Inc in 2006 — between July and October this year.
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Air IndiaÂ’s operational losses down 70percent to Rs 161 crore
IndiaÂ’s national carrier has continued to improve its financial performance, reducing operational losses by 70 per cent to Rs 161 crore for the first nine months of the current fiscal year, aided by higher ancillary revenues and higher contribution from subsidiaries.
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Air India posts Rs.246 crore loss in April-June quarter
Air India has reported an operational loss of Rs.246.14 crore in the three months ended June 2016. The airline had turned operationally profitable in the previous fiscal. The operating loss in the first quarter of this fiscal has come down from Rs.315.37 crore in the year-ago period.
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Air India posts Rs 246 crore operating loss in April-June quarter
Air India has reported an operational loss of Rs 246.14 crore in the three months ended June 2016. The airline had turned operationally profitable in the previous fiscal.
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Air India taps LIC for Rs.10,000-cr loan
Air India is in talks with Life Insurance Corporation of India for a loan of up to Rs.10,000 crore to help finance the acquisition of six Boeing 787 and three 777 aircraft.
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CCI Order Anti-competitive conduct
Competition Commission of India has ordered airlines´ to desist from indulging in anti-competitive practices and has imposed penalties on leading airlines. The moot question is whether this is a well-grounded move.