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In a bid to cut its staggering salary bills Air India has come up with a voluntary leave scheme that will allow its employees to go on a non paid leave for two years. This leave period can also be extended by another 3 years subject to the approval of the management. It is interesting [...]
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The turmoil of financial crisis is on and it is now showing up its sign on the Indian Aviation industry. With many firms around the globe laying-off its workforce in order to cut cost, Air India on Wednesday made a remark that it is also considering to layoff its 15000 employees of the staff for [...]
Air India has finally set on its current brouhaha with employees over salary delays for the month of June, with the air carrier announced to pay salaries to as many as 11,000 employees out of its total 31,000 workforce by 3rd July. The decision comes after the top brass and three worker unions representing 20,000 [...]
Private airlines had withdrawn the strike which was going to be held on August 18 for the convenience of the customers. Immediately after three days, Air India unions has devised an agitation plan including sequence of actions like zero overtime, developing a human chain along with their own families, relay hunger strike which will ultimately [...]
With the strike by Air India pilots entering the fourth-day, many passengers are experiencing a harrowing time with least 26 flights getting canceled. Ticket-booking process is also suspended for the coming 15 days by the airline. As per the statement of a senior official, passengers will be shifted to the flights controlled by other similar [...]
The Government has decided to come to the rescue of Air India, however the aid it is promising will come in parts. The Government has decided to give funds to NACIL on a monthly basis and not in huge bulk amounts. Air India, was running on a loss of Rs7200 crores till March 2009. It [...]
Beleaguered carrier Air India is likely to receive an additional fund of Rs 800 crore from the government with an eye on shoring up its financial position. The carrier has been experiencing losses from quite sometime now and the government had already worked out a restructuring plan. The fresh infusion of funds has been proposed [...]
Beleaguered national carrier Air India after receiving a lifeline of 800 crores from the government now seems to be eying to reduce its fleet. The initiative is aimed at bringing down the costs associated with running the carrier which has been making loses for quite some time now. The fresh infusion of funds into Air [...]
Air India’s Pilots and its management have no intentions to resolve their issues as the pilots silently protested against Arvind Jadhav Air India CMD on Thursday at Jantar Mantar, Parliament House, and IGI Airport terminal 1A and asked for his dismissal for not taking corrective measures for the recovery of the airline. The suspension of [...]
The Industrial Development Bank of India (IDBI) said that it has entered into negotiations with other entities with a view to provide Air India a loan worth $1 billion to facilitate the national carrier to acquire 12 aircrafts for domestic routes. The Deputy Managing Director of the Bank, Jitender Balakrishnan said that the loan would [...]