Alliance Air issues tender to refurbish entire fleet of 18 ATR-72 aircraft

NEW DELHI: Alliance Air, a subsidiary of Air India, has issued a tender to refurbish its entire fleet of 18 ATR-72 aircraft. Air India, after its successful sale to the Tata Group in October last year, is expected to be handed over to the conglomerate in the first half of this year. However, Alliance Air […]

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Modi government signs share purchase agreement with Tata Sons for Rs 18,000 crore Air India deal

NEW DELHI: The Narendra Modi government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18,000 crore. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore […]

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Procurement of expensive plane parts after senior official’s nod: Air India

NEW DELHI: New aircraft parts worth more than Rs 10 lakhs and non-aircraft parts worth more than Rs 5 lakh will now be procured only after the approval of the either Director Finance or Executive Director Finance, Air India said on Sunday. Moreover, the airline in an order stated that if the repair of aircraft […]

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Government paying Rs 20 crore daily on Air India, wants quick handover: DIPAM Secretary

NEW DELHI: Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM Secretary Tuhin Kanta Pandey said what Tata […]

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Work to monetise Alliance Air, 3 other Air India subsidiaries to start: DIPAM Secretary

NEW DELHI: After the historic Air India privatisation, the government will now start work on monetising its four other subsidiaries, including Alliance Air, and over Rs 14,700 crore worth non-core assets like land and building, DIPAM Secretary Tuhin Kanta Pandey said. The government on October 8 had announced that salt-to-software conglomerate Tatas have won the […]

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Tatas retakes Air India, makes Rs 18,000 crore winning bid

NEW DELHI: Tata Sons will retake Air India – the airline it founded nearly 90 years back – as the Narendra Modi government accepted its winning bid of Rs 18,000 crore to acquire 100 per cent of the debt-laden state-run carrier. Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate, made the […]

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Boeing 777s grounded around world after Denver engine failure, but Air India still sleeping

Boeing has recommended grounding more than 120 of its 777 jets worldwide following a catastrophic engine failure on a United Airlines plane in Denver. But Air India still sleeping, is the only carrier which has Boeing 777s in its fleet. But none of such planes have P&W 4000-112 engines. Thus there would be no impact on […]

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Air India flight with all-woman cockpit crew successfully lands at Bengaluru airport

NEW DELHI: Air India’s longest direct flight from San Francisco to Bengaluru with an all-woman cockpit crew successfully landed in the southern city on Monday. The national carrier had said on Saturday that this flight would be the longest commercial flight in the world to be operated by any Indian airline and the total flight […]

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All-woman cockpit crew to fly inaugural San Francisco-Bengaluru flight

NEW DELHI: An all-woman cockpit crew will fly into Indian aviation history on Saturday when it operates the inaugural San Francisco-Bengaluru flight, going over the North Pole and taking the Atlantic route to reach the Karnataka capital at the other end of the world. “This will be the longest commercial flight in the world to […]

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Air India privatisation unlikely to conclude this fiscal

NEW DELHI: Privatisation of Air India may spill into next fiscal year as the divestment process is unlikely to conclude in the remaining a little over three months of 2020-21, an official said. Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among “multiple” entities that put in preliminary bids last week for buying […]

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