Air India has proposed to acquire the entire equity of AirAsia India, reports Moneycontrol. The Competition Commission of India (CCI) has also notified the proposal for Air India’s acquisition of AirAsia India. As per the CCI notification under Section 5(a)(i)(A) and 5(b)(i)(A) of the Continue Reading
Air India has taken a INR 60,800 crore (USD 8 billion) cover by paying INR 266 crore premium to a clutch of insurance companies, including Tata AIG General Insurance, reports Dev Chatterjee for Business Standard. The airline managed to get a better deal as it valued its fleet lower by almost USD 2 billion. The […]Continue Reading
According to a report by The Hindustan Times, two months after Tata Sons took control of Air India from the government, India’s former national carrier will no longer enjoy a priority in the allocation of international traffic rights, according to a revised set of guidelines issued by aviation watchdog, the Directorate General of Civil Aviation […]Continue Reading
Air India has cancelled flight services to Hong Kong due to Covid-19 restrictions imposed by the Hong Kong authorities and limited demand in the sector, the airline said. “Due to restrictions imposed by the Hong Kong authorities and limited demand on the sector, our flights to Hong Kong and back of 19th and 23rd April […]Continue Reading
Air India on Sunday said it will reduce its India-Sri Lanka services from 16 flights per week currently to 13 flights per week from April 9 due to poor demand. Sri Lanka is currently experiencing its worst economic crisis in history. With long lines for fuel, cooking gas, essentials in short supply and long hours […]Continue Reading
Airbus is in talks with Tata Group and Indian carriers for a deal regarding the procurement of its wide-bodied A350XWB planes, President and MD of Airbus India & South Asia, Remi Maillard said on Monday. The Tata Group currently runs four Indian carriers — Air India, Air India Express, Vistara and AirAsia India. Wide-bodied planes […]Continue Reading