
Nerves of steel: Tata’s bid for Air India decoded
The Tata group has a history of grit and is no stranger to big-ticket acquisitions. But its bid for loss-making airline Air India could be its litmus test.
The Tata group has a history of grit and is no stranger to big-ticket acquisitions. But its bid for loss-making airline Air India could be its litmus test.
India’s air bubble agreement with the U.S. has given a fillip to 16-hour non-stop flights between the two nations. Air India has taken a lead, but questions remain about its continuity.
The MoCA asked airlines to fully refund passengers on their domestic and international ticket cancellations for purchases made between March 25 and April 14 and for travel between March 25 and May 3.
The Ministry of Civil Aviation hasn’t specified when the ban on domestic flights would be lifted; the ban does not apply to cargo flights.
Voices from the global aviation manufacturing space emphasise the need to focus on India as there is a huge scope for growth.
Airline issues apology over the incident on Twitter adding that the aircraft landed ‘normally’ in Mumbai.
The aviation industry says it is hard to compete with international fliers while it bears the brunt of a bunch of indirect taxes.
The state-owned carrier is saddled with a debt of over Rs 50,000 crore, a major reason why the government failed to receive any bids for a 76% stake in the airline.
Airline says cuts made in a bid to trim operating costs.
From August 2, the airline will introduce a new fare class called ‘Economy Lite’ which removes several perks offered by the full-service carrier.