Singapore Airlines to investment Rs 3,194.5 crore in Air India post-merger of Vistara
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.
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
An Air India flight from Mumbai to New York was diverted to Delhi on Monday following a bomb threat.
An Air India Express flight to Sharjah that took off from Tamil Nadu's Tirchy International Airport at 5.40 p.m. landed back safely after developing a technical snag, an official said on Friday.
National carrier Air India on Wednesday said that flights operated by Vistara will start using the flight code 'AI2' after the merger of the two airlines next month.
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.
The plan is aimed at putting Air India on a path to sustained growth, profitability and market leadership.
A bench of Justices DY Chandrachud and Hima Kohli in an interim order asked the government to consult all stakeholders on creating an enabling framework that would help the third sex with employment opportunities.
One issue that dogged the PSBs more than the PVBs was the unresolved issue of NPAs and cleaning up of their balance sheets.
