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Air India has successfully sold four Boeing 747-400 aircraft to the United States-based aftermarket aircraft broker, AerSale, as reported by The Economic Times. This sale concludes an extensive marketing effort by the flag carrier, which ceased operating these aircraft for revenue flights back in 2021. The sale was managed by the UK-based remarketing firm Skytech-AIC. [...]
Air India is set to launch its first international flights using the Airbus A350-900, beginning on May 1, with services connecting Delhi International to Dubai International. This marks a significant milestone as the airline expands its A350 operations beyond domestic routes. Since the beginning of the year, Air India has been integrating A350s into its [...]
The Central Bureau of Investigation (CBI) in India has officially ended its seven-year-long investigation into the leasing of aircraft by Air India, finding no evidence of misconduct or irregularities. This inquiry focused on the dry-leasing of four Boeing 777 aircraft in 2006, a decision questioned due to the timing ahead of the airline's scheduled receipt [...]
Air India, the flagship carrier headquartered at Delhi International, has successfully refinanced its short-term loans, consolidating its financial strategy for the coming years. The airline navigated a substantial refinancing deal, securing ₹190 billion (approximately USD2.29 billion) over a three-year term at an interest rate of 7.5% per annum. This move comes as a strategic refinance [...]
In a significant development, Arvind Jadhav, the former Chairman and Managing Director of Air India, has been implicated in a corruption scandal involving the procurement of a software package worth INR 2.25 billion (approximately USD 27.1 million) in 2011. The Central Bureau of Investigation (CBI) of India has charged Jadhav alongside six other individuals and [...]
Air India, the flagship carrier of India, has long been a prominent name in the aviation industry. With its main operational bases at Delhi and Mumbai airports, the airline boasts a comprehensive network that spans domestic, regional, and international destinations, including Asia, the Middle East, Europe, and North America. The airline's journey and strategic alliances [...]
Vistara’s CEO Vinod Kannan has shared optimistic projections with Indian media regarding the airline's merger with Air India. The expectation is to obtain all necessary legal approvals by mid-2024 and finalize the merger by mid-2025. This significant consolidation within the Tata Sons-controlled aviation sector was announced in late 2022 and received the green light from [...]
Air India has marked a significant milestone in its fleet modernization by taking delivery of its first Airbus A350-900. The aircraft arrived from Toulouse Blagnac to Delhi on December 23, 2023. This delivery is the first of a total of 20 A350-900s destined for Air India, signaling a new era in the airline's operations. Campbell [...]
Air India Express, a subsidiary of the Tata Sons-owned Air India, has recently cemented a significant sale and leaseback agreement. This deal, involving ten Boeing B737-8 aircraft, is in collaboration with Griffin Global Asset Management and Bain Capital. The low-cost carrier (LCC) took delivery of the first of these aircraft in November 2023, with [...]
The CEO of Air India, Campbell Wilson, has urged the Indian government to exercise prudence in allocating additional capacity rights to foreign carriers, emphasizing the need to allow local airlines to expand and become more competitive first. Wilson emphasized that a balance must be struck, encouraging the growth of the domestic market while fostering the [...]
