The total loss incurred in the past three financial years is likely to reach Rs 13,174.16 cr.
Air India CMD Arvind Jadhav seems to have run into rough times at the Civil Aviation Ministry,including with minister Praful Patel.
Faced with accumulated losses of Rs 7,200 crore,national carrier Air Indias deteriorating condition has forced the government to push for privatisation of the carrier.
The government has appointed four new non-official part-time directors on the board of the National Aviation Company of India Limited (NACIL) for a period of three years….
The Govt would take a call on the future of ailing Air India,which plans to raise its working capital by Rs 1,000 crore in the near future.
The government on Thursday approved an Rs 800-crore equity infusion into the ailing Air India. According to the proposal cleared by the Cabinet Committee on Economic Affairs…
Cabinet Committee on Economic Affairs headed by PM approved Rs 800 crore equity infusion into Air India.
Air India expects to get an allocation of Rs 1,200 crore in the forthcoming Budget,Civil Aviation Minister Praful Patel said.
The Group of Ministers on aviation today decided it was time Air India cut wages the airline had been forced to roll back salary cuts of employees….
The govt may approve a capital infusion in loss-making Air India by next week,Patel said.
A day after it was revealed that terrorist organizations were planning to hijack an airplane probably an Air India or Indian Airlines aircraft flying to…
According to intelligence sources,the target is possibly an Air India/IA aircraft operating to and from any one of the SAARC countries.
Describing the merger of Air India and Indian Airlines as one of the worst ever decisions taken by the government…
The National Aviation Company of India Limited,an entity formed by the merger of Air India and Indian Airlines,has successfully cleared the IATA operational safety audit for safety and quality.
Panle said,merger decision was taken in haste,without required homework and consultations.