Strongly oppose Air India sale: Mamata Banerjee

30 March, 2018, 00:39 | Author: Mable Gonzales
  • Air India Flight AI-020 From Delhi to Kolkata Halted After Bomb Threat Call

Israel's national carrier filed a lawsuit against the government on Wednesday for allowing Air India to fly over Saudi airspace on its New Delhi-Tel Aviv flights, a move El Al says puts it at an unfair disadvantage.

Subsequent to the decision, the Air India Specific Alternative Mechanism (AISAM), headed by finance minister Arun Jaitley, was set up to decide on specific issues.

Air India, thankfully, has certain strengths - an operating fleet of 138 aircraft, an extensive network connecting around 54 domestic and 94 worldwide destinations (including through code share agreements with foreign carriers), prime landing/parking slots and, above all, brand equity - that serious industry players might want to leverage.

But its debt burden of about $8 billion and a bloated cost structure have been a concern.

Management or employees can participate directly in the bidding process or by way of forming a consortium, as per the memorandum.

The tender underscored that Air India's other wholly-owned subsidiaries Air India Engineering Services Ltd (AIESL), Air India Air Transport Services Limited (AIATSL), Alliance Air (India) (9I, Mumbai Int'l), and the Hotel Corporation of India (only 80.3% owned by Air India Ltd.) would not be part of the sale as they are in the process of being transferred to a separate special goal vehicle (SPV).

Unhappy Teammates Want David Warner Removed From Team Hotel
If reports in the English media are to be believed Steve Smith could be stripped of the Australian captaincy permanently. The hypocrisy was pounced on by the rest of the cricket world, which was often beaten but also felt bullied by Australia.

The Israeli Tourism Ministry has provided Air India with a grant to market its new route as part of a campaign to encourage Indian tourism in Israel.

What one gets with a 76% stake in Air India is an operational fleet of 104 aircraft of which only 69 are owned outright or through financial lease by the airline.

Air India had 11,214 permanent employees as on December 1, 2017.

Singapore operates a joint venture with Tata Group and told The Times of India this remained its priority.

The Air India call centre was alerted by a caller, claiming that a bomb has been planted onboard the Kolkata-bound flight. The latest offer will include Rs 333 billion ($5.1 billion) of debt that the buyer will have to take over with the balance going to the government.

India's biggest airline, IndiGo, has expressed unsolicited interest in.

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