Air India's unpaid fuel bills and airport charges are likely to raise its debt figure from current estimate of around Rs 50,000 cr, according to a senior govt official.
The aviation regulator DGCA has ruled out grounding the Pratt & Whitney-powered Airbus A320Neo fleet despite the recurring serious safety issues with faulty new engines.
The AI flight captain has written in her resolution advisory report that the aircraft was just 100 feet away when it was taken to a safer distance.
Israeli cabinet minister voiced hope that Saudi Arabia would allow Air India to fly to and from Tel Aviv through Saudi airspace, a prospect so far played down by Riyadh.
Buoyant over the success of its direct flight to San Francisco from New Delhi, Air India may soon connect the American West Coast with the city with a direct flight.
The central government plans to divest its stake in the national passenger carrier Air India by the end of 2018.
Jayant Sinha said the govt is expecting to have the winning bidder for national carrier Air India by the end of June and the "legal closing" of the transaction by yr-end.
Air India will receive only Rs 650 crore under the government's turnaround plan in the next financial year, less than half of the amount allocated in the current fiscal.
Finance Minister Arun Jaitley on Thursday proposed to hike the divestment target for 2018-19 by over 10 percent to Rs 80,000 crore.
The central government's initiatives like the regional air connectivity "Udan" scheme should be favourable for demand growth and competition.
To Issue Rs 8800 Cr worth equity shares on preferential basis to GoI
SBI puts Rs 1935 Cr worth loans up for sale to 24 entities
Seeks bids on cash basis or a mix of cash and security receipts
Approves Issue Price At Rs 300.82/Share For Preferential Issue To Govt
Financial Express Reports
POWER GRID CORP
Emerges as lowest bidder for Rs 1000 cr project
To set up Vindhychaal-Varanasi 765 KV transmission line
Financial Express Reports
Arm To Buy 65% Stake In Indian Film Combine Pvt For Rs 1,105 Cr
Arm To Also Buy 20% Of Indian Film Combine From Xander Group Arm, 45% from Co's Promoter Group
Announces successful regulatory inspection from USFDA for API Facility for Hyderabad Facility
AVIATION IN FOCUS
Jan Domestic Air Passenger Traffic At 1.15 Cr, Up 19.7% YoY
Air India Jan Passenger Load Factor At 84.6% vs 81.8% MoM
Jet Airways Jan Passenger Load Factor At 88.7% vs 88.5% MoM
IndiGo Jan Passenger Load Factor At 89.7% vs 90.8% MoM
SpiceJet Jan Passenger Load Factor At 95.0% vs 95.6% MoM
Air India Jan Market Share At 13.3% vs 13.1% MoM
Jet Airways Jan Market Share At 14.3% vs 14.6% MoM
IndiGo Jan Market Share At 39.7% vs 39.4% MoM
SpiceJet Jan Market Share At 12.6% vs 12.7% MoM