Tag Archives: Air India

Air India launches non-stop New Delhi-Amritsar-Birmingham flight

Air India has introduced a non-stop flight from New Delhi to Amritsar in Punjab and Amritsar to Birmingham in the United Kingdom. The inaugural flight was flagged off from Amritsar airport by Vijay Sampla, Minister of State for Social Justice and Empowerment in the presence of other dignitaries including Pankaj Srivastava, Director, Air India along with Shwait Malik and Gurjeet Singh Aujla, Member of Rajya Sabha and Lok Sabha respectively. The direct flight is scheduled to operate twice a week on Tuesdays and Thursdays on the Delhi-Amritsar-Birmingham-Amritsar-Delhi route. The Dreamliner aircraft AI 117 will take off from New Delhi’s Indira Gandhi International Airport at 11:20 am and is scheduled to reach Amritsar at 12:25 am. After a break, the flight will then depart from Amritsar at 1:55 pm and is scheduled to reach Birmingham at 5:15 pm. The return flight will take off from Birmingham at 6:45 pm and reach Amritsar the next day at 7:45 am. After a brief break, the flight will depart for Amritsar at 9:15 am and will arrive at Delhi at 10:30 am. Source: ANI  

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Israel to grant 750,000 euros to Air India to launch Delhi-Tel Aviv flight

Air India will get a one-time grant of 750,000 euros from Israel for launching direct flights between New Delhi and Tel Aviv, likely to be rolled out next month. “The conditions of the directive includes a grant of 250,000 euro per weekly flight, up to a total of three weekly flights. It is a one-time grant for an airline opening a new direct route into Tel Aviv (TLV) from a destination that has potential for incoming tourism,” said Lydia Weitzman, a spokesperson for the Ministry of Tourism. Informed sources said that the Indian flag carrier could start its direct flights into Israel from New Delhi on March 20, flying thrice a week on Tuesdays, Thursdays and Sundays. Dubbed a game changer in Israel’s efforts to promote inbound tourism from India, Air India’s direct flight between New Delhi and Tel Aviv would be operating on the shortest route and is expected to bring down significantly the cost of travel between the two countries. “The number of tourists from China to Israel doubled in one year after the start of direct flight by Hainan Airlines. We expect something similar with India,” said Amir Halevi, Director General, Ministry of Tourism, Israel. SOURCE: PTI

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Cabinet approves 49% FDI in Air India

The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to a number of amendments in the FDI Policy -one of them allowing foreign airlines to invest up to 49 per cent under approval route in Air India. These are intended to simplify the FDI policy to provide ease of doing business in the country. As per the extant policy, foreign airlines are allowed to invest under Government approval route in the capital of Indian companies operating scheduled and non-scheduled air transport services, up to the limit of 49 per cent of their paid-up capital. However, this provision was presently not applicable to Air India, thereby implying that foreign airlines could not invest in Air India. Foreign airlines can now invest up to 49 per cent under approval route in Air India subject to the conditions that foreign investment(s) in Air India including that of foreign airline(s) shall not exceed 49 per cent either directly or indirectly. Substantial ownership and effective control of Air India shall continue to be vested in Indian National.

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NITI Aayog says its unviable to support Air India

NITI Aayog, in its report on the debt-laden Air India, has said that it is “unviable” to provide financial support to the national carrier. Air India has a debt of Rs 51,890 crore. The Government informed the Parliament that it has initiated a process for strategic disinvestment of Air India as part of efforts to revive the national carrier. As part of a turnaround plan approved by the previous UPA dispensation, Air India was to receive a bailout package of up to Rs 30,231 crore for a period of 10 years, starting in 2012. “NITI Aayog in its report on Air India has stated that further financial support to an unviable non-priority company in a matured and competitive aviation sector would not be the best use of scarce financial resources of the government,” said Jayant Sinha, Minister of State for Civil Aviation. The total outstanding loans of Air India as on September 30 last year stood at Rs 51,890 crore as per provisional figures. Of this, the aircraft loans account for Rs 18,364 crore and the working capital loans were at Rs 33,526 crore. In 2016-17, the airline had a net loss of Rs 3,643 crore, while the operating profit rose to Rs 215 crore, the provisional figures showed. Source: PTI  

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Pankaj Srivastava receives DDP Trailblazer award

Pankaj Srivastava, Commercial Director & Board Member, Air India, bagged the DDP Trailblazer award. Having joined Indian Airlines as Management Trainee after completing MBA, he is now responsible for ground handling, strategy and planning, sales and marketing, inflight services and cargo with Air India. Additionally, he is a Board Member of Alliance Air, Air India Express and Air India Airport Transport Services. With more than three decades of experience in aviation, Srivastava held some significant portfolios in his career including Staff Officer to CMD, Indian Airlines; Regional Director for Middle East and Executive Director – Sales & Marketing. He has been responsible for starting Gulf Flight Operations for Indian Airlines.

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Air India to include AI Express and AI-SATS in disinvestment

Air India is reportedly going to involve its core aviation assets packaged with low-cost subsidiary Air India Express and AI-SATS for sale as part of its disinvestment process. Apart from that the non-core assets, which includes Air India building in Mumbai and other offices, will not be a part of the sale but part of the special purpose vehicle (SPV). Core aviation assets include aircraft, slots at airports and flying rights to various countries. Both Air India Express and AI-SATS are profit-making subsidiaries of Air India. The other Air India arms — profit-making Air India Air Transport Services and loss-making Air India Engineering Services — will be sold separately. The SPV will include Air India’s non-aircraft debt as well as non-core assets. Source: Economic Times  

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Air India to fly Jaipur-Agra-Jaipur from December 8

Air India is set to start its inaugural flight on the Jaipur-Agra-Jaipur route from December 8, 2017. The flight will be plying between the destinations thrice a week, namely, Monday, Tuesday and Thursday, and will be using an ATR aircraft. The flight will depart Jaipur (AI 9687) at 11:15 am and arrive in Agra at 12:05 pm. The airline will then depart Agra (AI 9688) at 12:25 pm and land in Jaipur at 1:15 pm.

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AI’s Chandigarh-Bangkok direct flight from Dec 11

Air India plans to start a direct flight from Chandigarh to Bangkok from December 11, 2017, which will operate thrice a week, informed R K Negi, Local Manager, Air India. He said, “The direct flight from Chandigarh to Bangkok will commence on December 11 this year and the round trip initially will cost Rs. 22,000, while the rest of the cost will depend on the demand.” Negi also added that the airline’s latest aircraft – Airbus A320 Neo, will operate on this route and will offer 12 Business Class seats and 150 Economy Class seats. This aircraft will operate every Monday, Wednesday and Friday. The Chandigarh-Bangkok flight will be the third international flight operating from the Chandigarh International Airport. At present Indigo’s Chandigarh-Dubai and Air India Express’ Chandigarh-Sharjah flights are the only two international flights operating from Chandigarh. Source: Hindustan Times

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Air India resumes Ludhiana-Delhi flight under UDAN

Air India has resumed its Ludhiana-Delhi flight from the Sahnewal Airport almost three years after the flight was discontinued in 2014. The 70-seater ATR-72 plane of Alliance Air under Air India will be operational on this route. Pawan Kumar, Assistant Manager, Air Traffic Control, Sahnewal Airport, informed that the flight would be operational four days a week on Monday, Tuesday, Thursday and Saturday. Restarted under the UDAN (Udey Desh Ka Aam Nagrik) scheme, 50 per cent of the 70 seats are subsidised at Rs 2,000. “Price for rest of the tickets will depend on daily demand and supply formula,” said Kumar.

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Rajiv Bansal appointed as Air India CMD for 3 months

The government has appointed senior IAS officer Rajiv Bansal as the Chairman and Managing Director of Air India for three months. Bansal, who is additional secretary and financial adviser at the petroleum ministry, will replace Ashwani Lohani-who has been appointed as the Chairman of Railway Board. A senior civil aviation ministry official reportedly said that Bansal has been appointed as Air India CMD for three months. Bansal is from the Nagaland cadre of 1988 batch and hails from Haryana. He is taking over as Air India CMD at a time when the government is working on the modalities for the disinvestment of the loss-making national carrier. He had served at the civil aviation ministry between 2006 and 2008. (Source: PTI)

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