News Source: The Hindustan Times
| about 1 month ago
The Indian government said on Wednesday it may give ailing flagship carrier Air India a one-billion-dollar bailout on condition that the state-run airline cuts costs. "What the government is looking at is (injecting) 50 billion rupees (one billion...
News Source: India Abroad
| about 1 month ago
A draft note on equity infusion in Air India, prepared by the civil aviation ministry, is being sent to Cabinet Committee on Economic Affairs, Patel said. He said a series of measures to cut costs and enhance revenues would include returning leased...
News Source: The Hindustan Times
| about 1 month ago
Civil Aviation Minister Praful Patel is likely to meet Air India staff unions, including pilots, on Tuesday to discuss rationalisation of incentives and allowances in line with the airline's turnaround plans. "The Minister (Praful Patel) is likely to...