Gulf Times - Air-India
Air India sale flop to swing focus to cost cuts

Air India sale flop to swing focus to cost cuts

Civil Aviation Minister Suresh Prabhu said on Tuesday the government will review its plans to privatise Air India at a later date.

Embattled Air India seeks multi-million-dollar loan

Embattled Air India seeks multi-million-dollar loan

The airline said it was looking for a short-term loan of Rs 10bn ($148mn) "to meet urgent working capital requirements".

India reviews plan to sell stake in national carrier

India reviews plan to sell stake in national carrier

The government had announced a plan in March to sell a 76% stake in the airline.

Indian government heads for airline auction flop

Indian government heads for airline auction flop

The cut-off date has already been put back by three weeks because of the lack of interest.

India proposes sale of 76% stake in Air India

India proposes sale of 76% stake in Air India

India's federal cabinet in June 2017 approved a proposal to sell shares in the airline, which is more than $8.5bn in debt.

Air India crosses Saudi airspace to fly to Israel

Air India crosses Saudi airspace to fly to Israel

The inaugural flight took off from New Delhi at 1230 GMT and was to land in Tel Aviv at 1945 GMT, the Indian state carrier says.

Qatar Airways denies Air India bid plan

Qatar Airways denies Air India bid plan

In June 2017, India’s Cabinet Committee on Economic Affairs gave an in-principle nod for the strategic divestment of the airline.

Singapore Airlines has open mind on making initial bid for Air India

Singapore Airlines has open mind on making initial bid for Air India

Singapore Airlines has an open mind about making an initial bid for a stake in state-run Air India, the head of the Singaporean carrier's India business told Reuters on Thursday.

Indian govt to split Air India's debt ahead of stake sale

Indian govt to split Air India's debt ahead of stake sale

India will transfer part of Air India's $8.5bn debt pile to a special purpose vehicle before selling a stake in the state-owned carrier, its junior civil aviation minister told Reuters on Friday.

Air India says it gets Saudi nod to fly to Tel Aviv

Air India says it gets Saudi nod to fly to Tel Aviv

Saudi Arabia does not recognise Israel and lifting the airspace ban would reflect what appears to be thawing ties between Israel and the kingdom.

Air India asks to fly over Saudi on planned Israel route

Air India asks to fly over Saudi on planned Israel route

Saudi Arabia does not recognise Israel and lifting the 70-year-old airspace ban would reflect what appears to be thawing ties between Israel and the kingdom.

India allows 49% foreign investment in state-run airline

India allows 49% foreign investment in state-run airline

Once the country's monopoly airline, Air India has slowly lost market share to new low-cost private players in one of the world's fastest-growing airline markets.