State-owned oil companies today snapped supplies of jet fuel (ATF) to Air India after the national carrier failed to honour payments even after 90-day credit period.
"All three oil companies
State-run Air India owes the Airports Authority of India (AAI) 12 billion rupees while debt-laden private carrier Kingfisher Airlines owes 2.35 billion rupees, AAI Chairman V
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
A US federal court has rejected bid by an industry body of major US airlines to block $3. 4 billion loan to Air India to purchase new Boeing planes
The consortium of lenders that has rejected the RBI-approved debt recast for Air India (AI) is more worried about their credit ratings and image in global markets than the nearly
Government owes over Rs 110 crore to cash-strapped Air India for its special flights which ferry VVIPs including the President and the Prime Minister on their visits abroad which it
Flight operations of Air India were disrupted today after 40 of its pilots reported sick as part of their 'work to rule' stir against the management's failure to pay allowances,
Giving a clear message to ailing Indian carriers, Government today asked national carrier Air India to pull up its socks and become competitive as it "cannot keep on pouring money"
Stay informed on our latest news!
