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Articles tagged “air india”

India to Stop Domestic Flights and Suspends Rail Service

India to Stop Domestic Flights and Suspends Rail Service

Sanjeev Miglani and Aditi Shah, Reuters

While India had only eight confirmed deaths from coronavirus as of Monday, experts warn that a jump in cases is likely soon. Prime Minister Narendra Modi's government ordered a shutdown of domestic flights. Rail travel is already suspended. The economic pain will be fierce.

3 weeks ago

Air India Put on the Block Yet Again by the Indian Government

Air India Put on the Block Yet Again by the Indian Government

Sheikh Saaliq, Associated Press

Different year, same story. The Indian government's previous attempts to sell the national flag carrier have all failed and we're not sure the result this time will be any different, especially if the buyer has to absorb $3.26 billion of debt.

2 months ago

How Struggling Air India Is Setting the Stage for a Major Battle Among Distribution Giants

How Struggling Air India Is Setting the Stage for a Major Battle Among Distribution Giants

Raini Hamdi, Skift

Much is at stake for global distribution systems and travel agencies as struggling Air India uses airline distribution as a means to stay afloat. The real winners and losers in this battle are still up in the air, with Amadeus back in the game after pulling out over a year ago.

3 months ago

India Wants to Make It Easier For Foreigners to Invest in Its Airlines

India Wants to Make It Easier For Foreigners to Invest in Its Airlines

Shruti Srivastava, Bloomberg

Like so many other flag carriers around the world, Air India seems to exist in a perpetual state of limbo. Nobody wants to buy it, but the government doesn't want to pull the plug.

4 months ago

Sabre Plays Hardball With Finnair and 5 Other Top Aviation Stories This Week

Sabre Plays Hardball With Finnair and 5 Other Top Aviation Stories This Week

Jasmine Ganaishlal and Spencer Lee, Skift

This week, Sabre stopping selling Finnair tickets as talks over a new contract broke down while European airlines will most likely have to pay a new EU tax on jet fuel. Meanwhile, India is so desperate to sell its national airline, it has agreed to take over $7 billion in debt to make Air India seem more attractive to a buyer.

4 months ago

India Warns It Will Shut Down National Airline If Sale Offer Flops

India Warns It Will Shut Down National Airline If Sale Offer Flops

Anurag Kotoky, Bloomberg

Malaysia Airlines has company. Another Asian national carrier, Air India, faces the prospect of being shut down if a sale does not go through.

4 months ago

Modi Mulls Absorbing $7 Billion of Air India Debt to Attract Buyers

Modi Mulls Absorbing $7 Billion of Air India Debt to Attract Buyers

Siddhartha Singh, Bloomberg

Will this be enough to lure investors to consider buying Air India, which has been unprofitable for a decade?

5 months ago

Modi’s Government Attempts to Sell Troubled Air India Again

Modi’s Government Attempts to Sell Troubled Air India Again

Anurag Kotoky and Bibhudatta Pradhan, Bloomberg

Air India is hemorrhaging cash and needs a buyer — but Modi's government will be lucky to find anyone willing to take over the troubled flag carrier.

9 months ago

India’s Airlines Need to Shape Up

India’s Airlines Need to Shape Up

David Fickling, Bloomberg

India's airlines have to get their act together. Air India is on life support, and Jet Airways isn't far behind.

1 year ago

Why India’s Airlines Have a Long-Haul Road to Success

Why India’s Airlines Have a Long-Haul Road to Success

Jay Shabat, Skift Airline Weekly

India’s airlines punch far below their weight in the intercontinental arena. In fact, deeply troubled Air India maintains its leadership in the market. But will things change as others, including some low-cost carriers, contemplate long-haul flying?

1 year ago

India Looks to Inject $330 Million Into Ailing Flag Carrier

India Looks to Inject $330 Million Into Ailing Flag Carrier

Abhijit Roy Chowdhury and Vrishti Beniwal , Bloomberg

Once again the Indian government has failed to sell Air India. You've got to wonder how long it can keep going before someone just decides enough is enough.

1 year ago

Why India’s Airlines Struggle to Turn Growth Into Profit

Why India’s Airlines Struggle to Turn Growth Into Profit

Mihir Sharma, Bloomberg

Intense rivalry is forcing a price war on airfares in India. Even the well-managed, airline market leader IndiGo recently declared a quarterly loss. But some of the weaker players may be culled in the next couple of years.

1 year ago