Air India proposes to acquire AirAsia India

TBM Staff - Mumbai Wednesday, 27 April 2022, 3:30 PM

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 takes INR 60,800cr cover for its fleet

TBM Staff - Mumbai Tuesday, 26 April 2022, 4:30 PM

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

DGCA withdraws preferential status for Air India in international traffic rights

TBM Staff - Mumbai Tuesday, 26 April 2022, 9:50 AM

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 cancels flights to Hong Kong

TBM Staff - Mumbai Monday, 18 April 2022, 2:00 PM

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 cuts down flights to Sri Lanka amid lower demand due to economic crisis

TBM Staff - Mumbai Monday, 4 April 2022, 2:30 PM

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 in taks with Tatas, Indian carriers for wide-body A350XWB planes

TBM Staff - Mumbai Tuesday, 22 March 2022, 11:15 AM

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