Tata Group appoints Campbell Wilson as CEO & MD of Air India

NEW DELHI: The Tata Group said that it has appointed Campbell Wilson as CEO & MD of Air India. Wilson is currently CEO of Singapore Airline’s low-cost subsidiary Scoot. Earlier this year, Tata Group had named Turkish Airlines Chairman Ilker Ayci as Air India’s CEO & MD, but he subsequently denied the position. Wilson, 50, […]

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Boeing, Airbus in talks for multi-jet order from Air India: Report

NEW DELHI: Boeing and Airbus SE are in talks with the new owners of Air India about an order for a raft of new planes, according to people familiar with the matter, part of a plan to rejuvenate the carrier and its fleet. Tata Sons, which acquired the airline from the government last month, has […]

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Tata Sons appoints Ilker Ayci as CEO & MD of Air India

NEW DELHI: The Air India board met yesterday afternoon to consider the candidature of Ilker Ayci. N Chandrasekaran, chairman of Tata Sons, was a special invitee to the board meeting. The board, after due deliberations, approved the appointment of Mr Ayci as the CEO & Managing Director of Air India. This appointment is subject to […]

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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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