Air India News

Indian Carriers In Talks Over Fuel Supply

February 8, 2012

Reliance Industries is in talks with India's major airlines to provide jet fuel infrastructure and transport services, the company said on Wednesday, a day after a government panel approved direct fuel imports for carriers.
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Indian Carriers To Import Jet Fuel

February 7, 2012

Indian airlines will be allowed to import jet fuel directly under a proposal from a ministerial panel, Aviation Minister Ajit Singh said, sending airline shares sharply higher on the prospect they will be able to cut costs.
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Air India Says Will Clear Fuel Debts

February 3, 2012

Air India has settled a "major portion" of dues owed to state-run oil marketing companies and will pay the remainder on Friday, a spokesman for the ailing national carrier said.
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Airport Authority Says Air India Owes USD$243 Mln

January 31, 2012

State-run Air India owes the Airports Authority of India INR12 billion rupees (USD$243 million) while debt-laden private carrier Kingfisher Airlines owes INR2.35 billion rupees, AAI Chairman V.P. Agrawal told reporters.
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Air India Lenders Undecided On Restructure

January 19, 2012

Lenders to Air India on Thursday were unable to reach a decision on the ailing national carrier's USD$4 billion debt restructuring, three sources with direct knowledge of the matter said, further delaying the airline's long-pending proposal.
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Banks 'Comfortable' With Air India Debt

January 19, 2012

The comfort level of lenders with Air India is "complete and total," Pratip Chaudhuri, chairman of State Bank of India, the leader of the consortium of lenders to the state-run carrier said on Thursday.
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India Moves To Let Foreign Airlines Invest

January 17, 2012

India's beleaguered airline industry was thrown a potential lifeline on Tuesday when the Aviation Ministry said it would recommended that the government allow foreign airlines to buy stakes of up to 49 percent in Indian carriers.
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Air India Debt Restructuring Rejected By Banks

January 11, 2012

A debt restructuring plan for troubled national carrier Air India has been rejected by the airline's lenders, the Business Standard newspaper reported on Wednesday, as bankers refused to take a stake in the loss-making airline.
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Indian Regulator To Review IndiGo Fleet Expansion

January 9, 2012

India's aviation regulator plans to review the massive fleet expansion plans of IndiGo, the country's No.2 airline, after a safety audit found a shortage of trained staff and alleged operational discrepancies, a report by the regulator shows.
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Indian Regulator Queries Kingfisher On Safety

January 5, 2012

India's aviation regulator on Thursday demanded assurances from Kingfisher Airlines and the budget arm of Air India that their financial problems would not affect safety.
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