New Delhi: Civil Aviation Minister Ajit Singh on Friday said that he hoped that the Air India pilots who have called in sick get well soon. "The pilots have reported sick. So, I hope they get well soon," Ajit Singh said. In a warning of the sorts, he also said that he hoped that Air India crisis doesn't deepen. "I hope things do not go from bad to worse and...
09:26 AM, May 11, 2012
New Delhi: The Indian Aviation industry has been hit by the pilots of two airlines going on strike. Four days after the Air India pilots went on strike, calling in sick, 72 Kingfisher airlines pilots in the north India region have also called in sick, demanding pending salaries. The Air India crisis worsens The Air India crisis entered its fourth day on Friday and the situation has been turning from...
07:36 AM, May 11, 2012
New Delhi: The turbulence in Air India escalated on Thursday morning. The Air India passengers continued to bear the brunt of the ongoing stand-off between the airline management and pilots for the third consecutive day as more than 20 flights from Delhi and Mumbai were cancelled. Air India has also stopped booking on some sectors. The airline is not taking any bookings bookings for Delhi-New York, Chicago, Toronto and New...
09:52 AM, May 10, 2012
New Delhi: Civil Aviation Minister Ajit Singh has called the Air India pilots' strike 'inappropriate' and 'illegal' as around 100 pilots called in sick. "A strike needs a notice in advance. The Air India pilots have called in sick. Such kind of a strike is illegal," Singh said. Singh said the pilots should have some patience and should discuss their grievances with the management and try to find out a...
10:03 AM, May 08, 2012
New Delhi: The Civil Aviation Ministry has started working overtime to formulate a new policy to cater to the latest concerns of the aviation industry, especially issues relating to its sustainability like jet fuel pricing, infrastructure, airfare pricing, safety and security. A meeting of major stakeholders and senior Ministry officials was held on Friday to list the entire gamut of issues, elicit the views of the industry and service providers...
08:05 PM, Jan 27, 2012
New Delhi: The CBI has written to the Civil Aviation Ministry once again seeking an early decision on its request seeking sanction for prosecution against six officers, including a joint secretary, for alleged irregularities in the over Rs 8,000-crore Airbus deal for supplying 43 aircraft to erstwhile Indian Airlines in 2005. The reminder was sent as the agency completed its probe in the Preliminary Enquiry, sources said, adding prima-facie it...
05:53 PM, Dec 21, 2011
New Delhi: Seeking to turnaround the cash-strapped Air India, the government is considering a nearly Rs 30,000 crore package for the national carrier over a period of 10 years, official sources said on Monday night. According to the proposal, the government is considering writing off Rs 4,500 crore cash loss of Air India, infusing an additional equity of Rs 6,750 crore and Rs 17,000-18,000 crore for its fleet acquisition programme....
04:33 AM, Nov 29, 2011
New Delhi: There is a tussle between the Civil Aviation Ministry and Industries Ministry over the extent of allowing foreign airlines to invest in domestic carriers. Civil Aviation Ministry sources have said that they are firm on a 24 per cent cap on the extent of FDI by foreign carriers while the Industry Ministry has batted for a minimum of 26 per cent. A note by the Department of Industrial...
01:28 PM, Nov 17, 2011
New Delhi: The Government on Thursday ruled out disinvestment of Air India saying it is trying to bring the cash strapped national carrier to 'no-profit, no-loss' status. "There is no plan of disinvestment in Air India or to bring an IPO in the near future by the government. As a Civil Aviation Minister my first priority is to bring Air India in no-profit no-loss," Civil Aviation Minister Vayalar Ravi said...
03:06 PM, Oct 20, 2011
New Delhi: Civil Aviation Minister Vayalar Ravi on Thursday night said the Government's decision to acquire 111 aircraft for Air India, which came in for severe criticism from CAG, was a collective one to strengthen the national carrier. He said there was no question of taking any hasty decision and the Cabinet, the Empowered Group of Ministers (EGoM) and other bodies were involved in taking the decision. "Two committees were...
10:17 PM, Sep 08, 2011
New Delhi: The Comptroller and Auditor General (CAG) report on Air India has come down heavily on the Civil Aviation Ministry while terming the acquisition of aircraft by the airline as "risky" and a "huge waste". The report, tabled in Parliament on Thursday, also called the merger of Air India and Indian Airlines as "ill-timed". Former Civil Aviation minister Praful Patel was in trouble after the CAG report blamed the...
09:28 PM, Sep 08, 2011
Former civil aviation minister Praful Patel spoke exclusively to CNN-IBN after the CAG tabled its reported in Parliament. Patel said it was the whole government who took decisions for Air India. ...
02:43 PM, Sep 08, 2011
New Delhi: The Comptroller and Auditor General (CAG) report on Air India has come down heavily on the Civil Aviation Ministry while terming the acquisition of aircraft by the airline as "risky" and a "huge waste". The report, tabled in Parliament on Thursday, also called the merger of Air India and Indian Airlines as "ill-timed". According to the CAG that no benchmark for the cost of aircraft was carried out...
12:45 PM, Sep 08, 2011
New Delhi: Faced with a twin attack from oil PSUs and operators of Delhi and Hyderabad airports asking it to clear their dues, Air India on Saturday drew up plans to combine13 flights spread over a few sectors till the start of the lean season from mid-June. In a bid to face the fresh financial crisis, the ailing national carrier sent a letter to the Civil Aviation Ministry urging the...
06:56 PM, May 28, 2011
New Delhi: Air India pilots are on strike as a fallout of the merger of Air India and Indian Airlines. While Air India today staring at a loss of over Rs 13,000 crore and the management is struggling to operate daily services, the Civil Aviation Ministry could have saved the national career from this mess. The Comptroller and Auditor General of India (CAG) believes Air India incurred Rs 10,000 crore...
09:45 PM, May 05, 2011
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.
Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
