The AirAsia web of global airlines continues to contract. The Japanese outpost halted operations earlier this year and the long-haul AirAsia X group could be forced to slash its A330neo order book in the face of massive debt and restructuring challenges. In India the operation, a partnership with Tata Group, also faces pressures and the parent operation is
New Delhi: The Tata Group is hiking its stake in AirAsia India (AAIPL) from 51% to 83.67%. Tony Fernandes’ AirAsia group will have its stake reduced in this JV from 49% to 16.33%, accordingly. AirAsia Berhad informed the Malaysian stock exchange on Tuesday about selling its 32.67% stake in AAIPL to Tatas for about $37.7
New Delhi: The second phase of the strategic disinvestment of Air India will start on January 5, 2021 with the announcement of the names of the qualified bidders. The process has been divided into two stages. In stage I, expressions of interest (EoI) have been submitted by interested bidders and they will be shortlisted based
Member of Parliament of Rajya Sabha, Subramanian Swamy has written to civil aviation minister Hardeep Singh Puri, urging the government to disqualify Tata Sons from the Air India disinvestment process till a final decision on his plea against Tata Sons & Air Asia India is taken by the court. Swamy had first Tweeted the details
New Delhi: Finally, the debt-laden Air India sale is showing signs of taking off. The Tata Group, which has submitted an expression of interest (EoI) for Air India, is reportedly in serious discussion with Singapore Airlines (SIA), its joint venture partner in Vistara, as the $113 billion (about Rs 8.34 lakh crore) salt-to-software conglomerate is
Mohali: Private airlines IndiGo will resume its Dubai flight from Chandigarh international airport after eight months. Air India will resume the operations of Sharjah flight, but it will arrive at Chandigarh once a week on Saturdays and will leave from Delhi. An airport spokesperson said IndiGo will be operating Dubai flight every Monday. The flight
Air India staff unions are protesting what they call an ‘unfair’ pay cut and have demanded continuation of medical benefits and payment of arrears before privatisation of the company takes place. While the pilot unions have asked their members not to undertake extra duties, Air India Employees Union (AIEU) has sought a meeting with Civil Aviation Minister Hardeep
Air India is considering refurbishing two of its Boeing 777-300ERs with its latest business class product. The airline will reportedly use the seats from the “Air India One,” the two VIP 777s which were recently upgraded. The seats from the old aircraft have since been flown to an Air India facility, possibly to be retrofitted.
The Centre on Monday denied asking airlines not to fly in Chinese nationals. According to Civil Aviation minister Hardeep Singh Puri, the government has not issued such order and that reports suggesting airlines have been asked to stop flying Chinese nationals are wrong. “It is wrong to make suggestions as to citizen of which country
Coimbatore: Low cost airline GoAir is launching its services from Coimbatore with an afternoon flight between the city and Mumbai, starting Thursday. The flight will depart from Mumbai at 12.40pm and land in Coimbatore at 2.30pm. It will take off from Coimbatore at 3pm and land in Mumbai at 4.50pm. GoAir chief executive officer Kaushik
