Air India

Air India Offers Hefty Discounts to Compete with Low-Cost Carriers on Domestic Routes

Air India announced that they will offer a 40 percent discount three hours before departure. The state-owned carrier said that customers can buy the discounted domestic tickets from all outlets which include Air India’s website, mobile app and booking counters. Air India is facing stiff competition with low-cost carriers’ competitive ticket prices, high fuel costs […]

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Air India Grounds Aircraft, Unable to Purchase Engines

Air India announced this weekend it has set aside nearly $100 million to get nearly 20 grounded narrowbody aircraft back in the air months after they were first pulled out of service due to engine troubles. Originally, the airline had planned to leave the aircraft sitting until the necessary funds came available. However, increasing demand […]

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Indian Airlines Eyeing Jet Airways’ Assets

With the grounding of Jet Airways in mid-April, other Indian airlines have begun circling trying to get a piece of what remains of the carcass. In order to maintain current levels of capacity, the Indian aviation ministry is granting airlines such as SpiceJet and IndiGo many of Jet’s highly-coveted slots at airports in Mumbai and […]

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Air India Close to Defaulting on Loans for Aircraft Purchases

The Indian aviation market faces more turmoil as state-owned carrier Air India is potentially about to default on just over $1 billion in loans due this financial year which were used for the purchase of aircraft. The news comes in the same week as Jet Airways ceased flight operations after a failure to secure investment […]

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Nearly 70 Percent of Jet Airways’ Fleet Grounded as Airline Suspends International Operations

Beleaguered Indian airline Jet Airways has suspended all international operations amid its continued financial struggles. The suspension is currently planned until Monday when airline officials will be meeting with lenders to attempt to secure more funding. Flights to London, Paris, and Amsterdam are among those suspended with passengers booked on these flights left seemingly stranded. […]

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Indian Government Seeks Approval for Cash Injection Into Air India

The Indian government is currently seeking approval from its parliament for an equity injection of 23 billion rupees ($330 million USD) into fledgling flag carrier Air India. The proposed cash injection essentially rules out the plans to sell the carrier. India’s last move was to sell 76 percent of the carrier along with its debt, […]

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