THE NATIONAL CARRIER, AIR INDIA, was once a Maharaja of the global skies and the envy of the world. Today, the loss-making airline is estimated to have a debt burden of over ₹59,000 crore which is totally unsustainable, and the Government’s efforts to carry out strategic disinvestment of the airline seem to have repeatedly failed. The debt burden of Air India Express is approximately ₹2,600 crore and that of AISATS, its joint venture with Singapore-based SATS Ltd., is around ₹200 crore. The taxpayers’ money, needed for more important services such as health and education, is being utilized to sustain a loss-making airline. The Ministry of Finance is confident of exiting Air India, say officials.
A CHECKERED PAST. Air India was established as Tata Airlines in 1932 and commenced full-fledged operations in 1946, after becoming a public limited company. Then renamed as ‘Air India’, it became the first Asian airline to operate freighters when Air India Cargo was set up in 1954. Air India Cargo ceased freighter aircraft operations in early 2012. In February 1960, it took delivery of its first Boeing 707 and became the first Asian airline to induct a jet airliner. In 2007, Air India and Indian Airlines were merged to form Air India Ltd. The combined loss for Air India and Indian Airlines in 2006-2007 was ₹7.7 billion and after the merger, this increased to ₹72 billion by March 2009. Today, it has two subsidiaries - Air India Express and Alliance Air. Over 54 domestic and 40 international destinations are served by Air India across four continents. The carrier is the third-largest domestic airline in India in terms of passengers carried after IndiGo and SpiceJet with a market share of 12.2 percent in 2019.
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Esta historia es de la edición October - November 2019 de SP's Airbuz.
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Travel Transitions In 2021
From contactless checkin to biometric gateways, cabin cleaning, increased collaboration, domestic travel, common travel digital passport, travelling in 2021 and beyond comes decked up with innovations
Supersonic Airliners On The Horizon
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TATA GROUP RIDING THE AMBITIOUS AVIATION ARC
Having raised its stake in AirAsia India, alongside operating Vistara, Tata Group is a strong bidder for Air India too
PRATT & WHITNEY PUREPOWER ENGINES
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SIX BOEING 777 FREIGHTERS FOR CHINA AIRLINES
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TATA'S STAKE CLIMB UP THE LADDER IN INDIAN AVIATION INDUSTRY
Tata group increased its holdings in AirAsia India to 84 per cent
INDIAN AIRLINE INDUSTRY ON THE ROAD TO RECOVERY
Around two months after the imposition of total lockdown for three weeks commencing March 23, 2020, domestic flights albeit with much reduced frequency, were permitted to operate
EMBRAER E190 OPERATING WITH MYANMAR AIRWAYS
On December 21 last year, Myanmar Airways International’s (MAI) first Embraer E190 commenced operations from Yangon.
EMERGING CONFIGURATIONS FOR SUSTAINABLE AVIATION
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