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Tata Sons Said To Be Selected As Winning Bidder For Air India: Report
Tata Sons has been selected as the winning bidder for the debt-laden state-run airline Air India, Bloomberg reported on Friday. A panel of ministers accepted a proposal from officials recommending the salt-to-software conglomerate ahead of an offer from Ajay Singh, promoter of India's airline operator Spicejet Ltd.
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China's Airline Suspends Cargo Flights Bringing Medical Supplies To India
China's state-run Sichuan Airlines has suspended all its cargo flights to India for 15 days, causing major disruption to private traders' efforts to procure the much-needed oxygen concentrators and other medical supplies from China despite Beijing of
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European Union Bans Pak International Airlines Over Fake Pilot Licences
Regulators have barred Pakistan International Airlines from the European Union for six months after the state-run carrier grounded nearly a third of its pilots for holding fake or dubious licences, officials said Tuesday.
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"Risen To Call Of Humanity": PM's Shoutout To Air India Amid COVID-19 Ops
In a shoutout to an Air India team, involved in evacuation of about 260 Indians from coronavirus-hit Italy over the weekend, Prime Minister Narendra Modi this morning tweeted that their "outstanding efforts are admired by several people across India". The tweet comes a day after the state-run airlines had put out a statement where it talked about o...
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Government Open To Selling Part Of Air India To Foreign Airline: Report
Government is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said on Wednesday.
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India Open To Selling Part Of Air India To Foreign Airline: Report
India is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said on Wednesday.
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Jet Airways Fuel Supply To Last Till Tuesday Afternoon: Report
Currently, the airline owes over Rs 8,000 crore to a consortium of lenders led by the state-run State Bank of India (SBI).
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Air India To Resume Delhi-Madrid Flight From April 18
State-run Air India is set to resume its flight services to Madrid from New Delhi from April 18, the airline said today.
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"Will Help Them Save Jet": Vijay Mallya Renews Offer In Cutting Remarks
Fugitive businessman Vijay Mallya, who is being investigated for fraud and money-laundering, said his now-defunct Kingfisher Airlines too could have been bailed out by lenders, similar to what happened with cash-strapped Jet Airways on Monday. He blamed banks for letting "India's finest airline" close its operations seven years ago.
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State-Run Banks Have Kept Public Interest In Mind: Arun Jaitley On Jet Airways
The lenders, led by the State Bank of India (SBI), would become majority shareholders in the airline. Besides, the lenders would nominate two members on the airline's board.
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What's Next For Jet Airways After Founder Naresh Goyal's Exit: Ten Points
Jet Airways founder-chairman Naresh Goyal and his wife, Anita, resigned from the airline's board of directors today while state-run lenders announced a Rs 1,500 crore bailout plan. The two took the step at a time when a majority of its fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors. The total debt of the tr...
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State-Run Banks Want Jet Airways' Naresh Goyal To Cut Stake To 10%: Report
Jet has more than $1 billion in debt, and owes money to banks, suppliers, pilots and lessors, some of whom have started terminating leases with the airline
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Centre Asks State-Run Banks To Save Jet Airways From Bankruptcy: Report
If the government's plan for Jet Airways succeeds, then banks including SBI and PNB as well as NIIF would together own at least a third of the airline
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Passengers Rage Over Disruptions At Embattled Jet Airways
Amid talks for a bailout led by state-run banks, lessors have forced the airline to ground at least 37 planes over non-payment of dues and some have also threatened repossession.
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Government Simplifies Process For Stake Sales Of State-Run Companies
The government was forced to shelf plans to sell national airline Air India last year after failing to attract a single bidder.
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Tata Sons Said To Be Selected As Winning Bidder For Air India: Report
Tata Sons has been selected as the winning bidder for the debt-laden state-run airline Air India, Bloomberg reported on Friday. A panel of ministers accepted a proposal from officials recommending the salt-to-software conglomerate ahead of an offer from Ajay Singh, promoter of India's airline operator Spicejet Ltd.
-
China's Airline Suspends Cargo Flights Bringing Medical Supplies To India
China's state-run Sichuan Airlines has suspended all its cargo flights to India for 15 days, causing major disruption to private traders' efforts to procure the much-needed oxygen concentrators and other medical supplies from China despite Beijing of
-
European Union Bans Pak International Airlines Over Fake Pilot Licences
Regulators have barred Pakistan International Airlines from the European Union for six months after the state-run carrier grounded nearly a third of its pilots for holding fake or dubious licences, officials said Tuesday.
-
"Risen To Call Of Humanity": PM's Shoutout To Air India Amid COVID-19 Ops
In a shoutout to an Air India team, involved in evacuation of about 260 Indians from coronavirus-hit Italy over the weekend, Prime Minister Narendra Modi this morning tweeted that their "outstanding efforts are admired by several people across India". The tweet comes a day after the state-run airlines had put out a statement where it talked about o...
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Government Open To Selling Part Of Air India To Foreign Airline: Report
Government is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said on Wednesday.
-
India Open To Selling Part Of Air India To Foreign Airline: Report
India is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said on Wednesday.
-
Jet Airways Fuel Supply To Last Till Tuesday Afternoon: Report
Currently, the airline owes over Rs 8,000 crore to a consortium of lenders led by the state-run State Bank of India (SBI).
-
Air India To Resume Delhi-Madrid Flight From April 18
State-run Air India is set to resume its flight services to Madrid from New Delhi from April 18, the airline said today.
-
"Will Help Them Save Jet": Vijay Mallya Renews Offer In Cutting Remarks
Fugitive businessman Vijay Mallya, who is being investigated for fraud and money-laundering, said his now-defunct Kingfisher Airlines too could have been bailed out by lenders, similar to what happened with cash-strapped Jet Airways on Monday. He blamed banks for letting "India's finest airline" close its operations seven years ago.
-
State-Run Banks Have Kept Public Interest In Mind: Arun Jaitley On Jet Airways
The lenders, led by the State Bank of India (SBI), would become majority shareholders in the airline. Besides, the lenders would nominate two members on the airline's board.
-
What's Next For Jet Airways After Founder Naresh Goyal's Exit: Ten Points
Jet Airways founder-chairman Naresh Goyal and his wife, Anita, resigned from the airline's board of directors today while state-run lenders announced a Rs 1,500 crore bailout plan. The two took the step at a time when a majority of its fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors. The total debt of the tr...
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State-Run Banks Want Jet Airways' Naresh Goyal To Cut Stake To 10%: Report
Jet has more than $1 billion in debt, and owes money to banks, suppliers, pilots and lessors, some of whom have started terminating leases with the airline
-
Centre Asks State-Run Banks To Save Jet Airways From Bankruptcy: Report
If the government's plan for Jet Airways succeeds, then banks including SBI and PNB as well as NIIF would together own at least a third of the airline
-
Passengers Rage Over Disruptions At Embattled Jet Airways
Amid talks for a bailout led by state-run banks, lessors have forced the airline to ground at least 37 planes over non-payment of dues and some have also threatened repossession.
-
Government Simplifies Process For Stake Sales Of State-Run Companies
The government was forced to shelf plans to sell national airline Air India last year after failing to attract a single bidder.
