Air India buying 100 more Airbus planes
Air India on Monday confirmed it has placed an order to purchase 100 more Airbus aircraft, comprising 10 widebody A350 and 90 narrowbody A320 aircraft, including A321neo.
Air India on Monday confirmed it has placed an order to purchase 100 more Airbus aircraft, comprising 10 widebody A350 and 90 narrowbody A320 aircraft, including A321neo.
Air India launched a limited-time Black Friday Sale offering discounts of up to 20% off base fares for domestic flights within India.
A bench of Justice BR Gavai and Justice KV Viswanathan asked the Additional Solicitor General Aishwarya Bhati to instruct the concerned authorities to examine and suitably modify the guidelines on unruly passengers in line with international norms.
Singapore Airlines is set to make an additional investment of Rs 3,194.5 crore in Tata Group-owned Air India post-merger of Vistara in November.
An Air India flight from New Delhi to Chicago was on Tuesday diverted to Canada after receiving a bomb threat which was posted online
While the airliner banned the passenger for 30 days, the maximum it is permitted to do so unilaterally, the matter has been reported to the Directorate General of Civil Aviation (DGCA) for further action.
Vistara shall be merged with Air India post receipt of requisite approvals. As part of the merger transaction, SIA shall also invest Rs 2,059 crore in Air India. Post the consolidation, SIA shall hold 25.1 per cent shareholding in Air India.
"SIA is currently in confidential discussions with Tata to explore a potential transaction in relation to the securities of Vistara and Air India Ltd, a subsidiary of Tata (the 'Potential Transaction'). The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India," said the Singapore airline in a statement on Thursday.
Amid the losses that the aviation sector incurred during the Covid pandemic, Air India Express, India's first budget airline on regional international routes, reported a net loss - for the first time in seven years - of Rs 72.33 crore in FY2022, against a net profit of Rs 98.21 crore in FY2021.
Amid the ambitious plan of the Tata-owned Air India to raise its market share substantially to at least 30 per cent in the domestic market, there is a buzz within the aviation industry on the possibility of its merger with Vistara, a joint venture between Tata Sons and Singapore Airlines.
