Tag Archives: Air India

Air India’s divestment process is finally successful with TATA Sons’ SPV – Talace Pvt Ltd, winning the bid of the national carrier for Rs 18000 crore. The Cabinet Committee on Economic Affairs  (CCEA) – empowered Air India Specific Alternative Mechanism (AISAM) comprising of Amit Shah Union Minister for Home Affairs and Cooperation; Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs; Piyush Goyal, Union Minister for Commerce and Industry and Jyotiraditya Scindia, Union Civil Aviation Minister, approved the highest price bid of M/s Talace Pvt Ltd, a wholly owned subsidiary of M/s Tata Sons Pvt. Ltd for sale of 100% equity shareholding of Government of India in Air India along with equity shareholding of Air India in AIXL and AISATS. The winning bid is for Rs 18,000 crore as Enterprise Value (EV) consideration for AI (100% shares of AI along with AI’s shareholding in AIXL and AISATS).  The transaction does not include non-core assets including land and building, valued at Rs 14,718 crore, which are to be transferred to GoI’s Air India Asset Holding Limited (AIAHL). The process for disinvestment of Air India and its subsidiaries commenced in June 2017 with the ‘in-principle’ approval of CCEA. The first round did not elicit any Expression of Interest. The process re-commenced on 27 January 2020 with issue of Preliminary Information Memorandum (PIM) and request for Expressions of Interest (EOI). The original construct as per the January 2020 PIM envisaged (i) pre-determined, fixed amount of debt to be retained in AI (with balance to be transferred to Air India Asset Holding Limited (AIAHL) and (ii) the sum of certain identified current and non-current liabilities (other than debt) to be retained in AI and …

Air India will be opening Automated Refund through GDS effective 1st Oct 2021, revealed the national carrier in a recent circular shared with the travel trade. “However, there is an out-flow limit been set –the total per-week refund for your agency is limited to average one day sale of the previous week. Refund of one day sale from weekly Sale/remittance is allowed,” mentioned the official communication.

In a Twitter post, Air India has informed that the passengers travelling to the UAE from India are requested to report at the airport at least 6 hours prior to the departure. As per the entry requirement of the UAE, a rapid PCR test will be conducted for every passenger at the respective Indian departure airport. The test counters will start 4 hours before the departure time and would close 2 hours prior to departure.

Indian flag carrier Air India has launched non-stop flights from Delhi to Kathmandu that will be operated thrice a week, every Tuesday, Friday and Sunday. The flight will depart from Delhi at 12:55 pm and arrive in Kathmandu at 2:35 pm. Air travellers entering Nepal are required to submit a COVID-19 negative report of swab taken within 72 hours of boarding and unless exempted, a proof of hotel booking for 10 days of hotel quarantine or confirmation of home quarantine.

CAPA Advisory, in its Airline Outlook FY2022, has said that there will be strategic consolidation in the Indian airline sector once the COVID umbrella has lifted. If there is no consolidation (although such a scenario appears unlikely) and if the privatisation of Air India does not proceed, then the Indian aviation sector may emerge from COVID with more airlines than it went in with.

In a marathon session fielding member queries, Jyoti Mayal, President, TAAI, urged everyone to register themselves on the Ministry of Tourism website. She said, “Agencies who don’t do this may not be allowed to call themselves a travel agent.” The association has also written to MoCA to help resolve matters with Air India bookings multiple times, and has sought an online appointment directly with the PM.

Indian flag carrier Air India has announced that it will operate a direct flight between Moscow’s Sheremetyevo AS Pushkin Airport and Goa airport every Thursday from April 14 to October 28, 2021. The carrier has opened bookings for the flight via its website, booking offices, call centre and authorised travel agents.

Air India has announced that it is all set to launch flights between Hyderabad and London from May 9, 2021 to September 6, 2021. The non-stop flights will be operated every Monday in the said period, and the carrier has allowed bookings through its website, booking offices, call centre, as well as through authorised travel agents.

At a recent press conference, addressing the issue of travel agent commission and the reason it was discontinued post lockdown, Rajiv Bansal, CMD, Air India, said, “We are trying to move to a more web-sale oriented approach, instead of an agent-based sales model. Initially, during the Vande Bharat Mission, all tickets were sold on the website, owing to imbalance in demand and supply. Now, demand and supply are largely matched, and all forms of sale are open, including agents, on-counter and web sale. Our objective is to increase the web sales.”

With the government having announced the resumption of passenger flights between India and the United Kingdom, Air India has opened bookings for travellers and even added to the frequency. The additional flights between January 6 and 8 will connect both Delhi and Mumbai with London Heathrow.