Air Asia sells remaining stake in India operations to Air India
Business | November 02, 2022 18:50 ISTAs per a regulatory filing, Air Asia India will sell its remaining 16.33 per cent of Air Asia's equity shares to Air India Limited
As per a regulatory filing, Air Asia India will sell its remaining 16.33 per cent of Air Asia's equity shares to Air India Limited
Air India will be inducting 5 wide-body Boeing and 25 Airbus narrow-body planes over the next 15 months. The aircraft being leased are 21 Airbus A320 neos, 4 Airbus A321 neos and 5 Boeing B777-200LRs.
Air India: Since taken over by the Tatas in January this year, the loss-making airline has been making efforts to revamp services, expand its fleet and increase its overall market share in the fast-growing domestic aviation space.
A debt-laden Air India was sold to Tata Group in October last year for Rs 18,000 crore. The actual handover to Tatas happened on January 27, 2022.
After reviewing block times, airport connecting times and aircraft as well as crew rotations, Tatas-owned Air India has identified various improvement areas for bettering overall performance.
A cabin crew went out of the duty to calm an uneasy baby girl on a flight. The video went viral on the internet, with netizens hailing the flight attendant. Check out the viral video.
Air India, which was taken over by Tatas in January this year, has also decided to revise crew layover allowances and meal arrangements from September 1.
The flight with 159 passengers aboard was at the Netaji Subhas Chandra Bose International Airport for two hours from 4.50 PM till 6.50 PM before leaving for the national capital.
Air India new flights: When asked about plans of increasing Air India fleet, its CEO-MD Campbell Wilson said, "We will be commenting on those things in due course... Future of Air India is going to be very bright. It is very exciting, I'm happy to be here but I've no further comments..."
Air India's newly appointed CMD Campbell Wilson had in the last week of July asked the airline's integrated operations control centre (IOCC).
Air India flight diverted: On Tuesday, the government mentioned it has received nearly 1000 passenger complaints against Air India over the last three months.
Complaints against Air India: The issues have been related to various issues, including refund of fares, overbooking of flights, and staff behaviour, Minister of State for Civil Aviation V K Singh said on Monday.
Ripudaman Singh Malik and his co-accused, Ajaib Singh Bagri, were found not guilty in March 2005 of murder and conspiracy in a pair of Air India bombings that killed 331 people on June 23, 1985.
Campbell, who will be at the helm as the CEO and MD after takeover of the airline by the Tata Group in January this year, visited the carrier's headquarters in New Delhi for the first time
Air India has not bought a single aircraft since 2006 when it had placed orders for purchasing 111 aircraft- 68 from the US-based aircraft manufacturer Boeing and 43 from European aircraft manufacturer Airbus.
AirAsia India is a joint venture between TSPL and Air Asia Investment Limited (AAIL), with TSPL presently holding 83.67 per cent and AAIL owning a 16.33 per cent stake.
In a statement, the Directorate General of Civil Aviation (DGCA) said several cases of regulation not being followed by the airline have been observed.
Para swimmer Aalam said he had informed Air India's cabin crew that he wanted his own wheelchair after landing but was provided one that was "uncomfortable" and sized XL.
Air India's new voluntarily retirement scheme is a bid by the company to encourage a significant section of its employees to retire.
The Tata Group won the bid for Air India on October 8 last year. However, as per the terms of disinvestment, the airline's non-core assets such as housing colonies remain with the government.
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