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Bankruptcy proceedings, TATA Group to acquire Air India, IHH withdraws from Fortis- Weekly Digest #45

Monday- 19th June 2017

  • Sensex closed at a record high of 31,311 points and Nifty at 9,657 points as RBI asked lenders to start bankruptcy proceedings against big defaulters.
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News

Air India anunță un record mondial

Air India anunță un record mondial: Cel mai lung zbor operat vreodată exclusiv de femei! Cel mai lung zbor operat vreodată numai de femei a fost realizat luni cu un avion al companiei naționale indiene Air India, pe ruta New Delhi-San Francisco, și a avut o durată de 14 ore, relatează

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Actualitate

New record as Air India ferries over 1 crore passengers in a month

The Indian Airline has set a new record after it flew over 1 crore passengers in May. Data available suggests that this is a new record for the maximum number of passengers flown domestically in a month.

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Vicky Nanjappa

How to disinvest in Air India: the British Airways, Japan Airlines & Austrian Airlines models

The Union cabinet is expected to take a decision on disinvesting in chronically sick state-carrier Air India this month and Niti Aayog Vice Chairman Arvind Panagariya is reported to have cited the privatisation experience of British Airways, Japan Airlines and Austrian Airlines as case studies. 495 more words

ThePrint Primer

Air India's privatisation will have to be backed by hefty 'dowry' to buyer

Air India is on the block, finally. With accumulated losses of over Rs 50,000 crore, a debt overhang of around Rs 55,000 crore, and an annual interest burden of Rs 4,500 crore which chews up more than a fifth of its revenues, this decision should ordinarily have been a no-brainer. 796 more words

Flights to Doha longer as Indian carriers skip UAE; take Pak, Iran routes

Flights from Mumbai and Kerala will also have to transit through these routes due torestrictions

Current Affairs : Fliers from India will now spend an additional half hour on their flights to Doha, with the worsening crisis in the Persian Gulf prompting carriers to skip airspace over the UAE. 363 more words

Current Affairs

Air India pulls out of Delhi Moscow market

Air India has stopped accepting bookings for its flights between New Delhi and Moscow effective 15th July 2017. The flight between the capitals of two countries was launched in July 2014, after 15 long years and operated daily at its peak and was scheduled to be four times a week. 687 more words

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