New Delhi [India], January 4 (ANI): The Delhi High Court was informed on Tuesday by the Union of India that Air India was in continuous losses and the government could not afford further losses. There were losses of Rs. 20 crore daily approximately and it could not allow wastage of more public money, the Union of India lawyer said.
New Delhi [India], January 3 (ANI): Subramanian Swamy, Rajya Sabha Member of Parliament from Bhartiya Janta Party (BJP) moved the Delhi High Court seeking to quash the Air India Disinvestment process.
New Delhi [India], November 3 (ANI): Air India has to pay outstanding dues of Rs 2,000 crore to the Airport Authority of India (AAI) related to landing, parking and other charges, said the Chairman of AAI.
New Delhi [India], October 27 (ANI): Union Finance Ministry on Wednesday directed all ministries to clear dues of Air India and also instructed them to buy air tickets in cash till further orders.
Patna (India) [India], October 9 (ANI): Former Civil Aviation Minister in the Atal Bihari Vajpayee government, Sharad Yadav on Saturday said that he hoped that the acquisition of Air India by the Tata Group would help revive the fortunes of the airline.
New Delhi [India], October 8 (ANI): The government said on Friday that Tata Sons, which won the bid to acquire Air India, will retain all employees for one year and the group will need to offer a voluntary retirement scheme if it decides on retrenchment after the period.
New Delhi [India], October 8 (ANI): Following the Tata Sons winning the bid for acquiring Air India, the former general manager of the national carrier G Prasada Rao on Friday said he hoped that Tatas will bring the "glorious years" of the airlines back.
New Delhi [India], October 8 (ANI): Tata Sons has won the bid for acquiring national carrier Air India for Rs 18,000 crore, the government said on Friday.