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Total 35 results found. Search for [ Maharajah ]

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October 9, 2019
Since a partial stake sale in the national carrier failed to garner interest last year, the government now plans to sell its entire stake. The proposal is awaiting clearance from a ministerial panel currently.

July 8, 2019
Once the Air India Specific Alternative Mechanism (AISAM), which is charged with giving approvals for the divestment process, is reconstituted with FM Nirmala Sitharaman and Civil Aviation Minister Hardeep Singh Puri coming on board, the Centre is expected to issue bid documents for Expression of Interest sometime this month

May 30, 2019
The ailing national carrier has thus far managed to stay afloat on 10-year bailout package extended by the UPA government in 2012 but it had already devoured over Rs 27,000 crore of the allocated amount by end 2018

May 21, 2019
Days after India-born industrialist brothers, Srichand and GP Hinduja, reclaimed the title of Britain's wealthiest with fortunes of 22 billion pounds to their name, Etihad and Jet Airways' lenders approached the Group to invest in the debt-ridden airline. The Group has engaged investment bankers led by SBI Capital Markets for due diligence.

May 20, 2019
As per the formula worked out, the grounded airline's foreign flying rights would be allotted to airlines ranked in terms of available seat kilometres, after giving Air India first claim. Domestic carriers reportedly allege that this gives market leader IndiGo an unfair edge.

May 15, 2019
India-born industrialist brothers Srichand and GP Hinduja certainly boast deep enough pockets to revive the wingless Jet Airways, but talks are still at an exploratory stage

New Delhi, April 29, 2019
The beleaguered national carrier has suffered losses of around Rs 300 crore in the past two months as its long-haul flights to the Gulf, Europe and the US from New Delhi had to be diverted around the Pakistani airspace

New Delhi, February 20, 2019
The bank-led resolution plan that entails a debt-to-equity swap is reportedly a temporary structure aimed at giving Jet Airways time to raise equity from investors.

Manu Kaushik
New Delhi, February 14, 2019
Documents from the Interim Budget show that the government earmarked just Rs 1 lakh for Air India's 10-year Turn Around Plan (TAP) approved in 2012 by UPA-II.

December 13, 2018
A four-pronged strategy is reportedly on the anvil to revive the state-owned Air India, complete with a brand overhaul and motivation for the workforce.

New Delhi, November 28, 2018
A ministerial panel headed by Finance Minister Arun Jaitley gave the green light to sell 27 acres of Air India's land in the capital's upmarket Vasant Vihar to public sector company NBCC.

October 29, 2018
Airbus executive vice-president Kiran Rao and six others accused of money laundering in a 13-year-old Rs 8,000-crore deal to supply 43 passenger planes to the erstwhile Indian Airlines have been slapped with legal notices.

October 18, 2018
Cash-strapped Air India, which was asking the government for more funds, has reportedly received an equity infusion of Rs 1,000 crore from the National Small Savings Fund (NSSF).

New Delhi, October 18, 2018
Tata Sons Chairman Natarajan Chandrasekaran is looking to push the Group's aviation business through mergers and acquisitions.

September 26, 2018
The plan was shelved in June to sell a majority stake in Air India due to lack of interest from bidders.

New Delhi, September 20, 2018
Air India is just about managing to stay afloat on the Rs 30,000 crore bailout package extended by the previous UPA regime in 2012 for a decade.

September 6, 2018
Qatar Airways, which has been eyeing the fastest-growing Indian aviation market for a while now, is showing interest in buying Air India.

September 4, 2018
After putting disinvestment of debt-ridden Air India on the back burner, the government is set to infuse Rs 2,100 crore into the loss-making national carrier.

New Delhi, August 24, 2018
State-of-the-art Train 18 to replace Shatabdi Express soonAs part of the Railways' plan to increase the speeds of all long-distance passenger trains by 25 km per hour by 2022, it has decided to replace the Shatabdi Express trains with much-awaited semi-high speed 'Train 18'. These trains will be loaded with state-of-the-art amenities and will be used for inter-city travel. The trains are being built under the Make in India initiative at the Integral Coach Factory (ICF) in Chenna...

August 23, 2018
Air India is on the brink of defaulting on bank loan repayments, so the aviation ministry has sought Rs 500 crore from the finance ministry on an urgent basis.

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