Altair and DesignTech Systems to set up research-oriented Centre of Excellence with government’s Science and Tech Park

February 2018

US-based Altair Engineering has announced a collaborative effort with its partner in India, DesignTech Systems, and the Science and Technology Park, ...

Tags: Altair Engineering, Skill-building Centre, DesignTech Systems, Science and Technology Park, DST, CoE, Dilip Band, Dr Rajendra Jagdale, Rayat Shikshan Sanstha, Pratap Pawar, Pavan Kumar, Altair India, MSME, Centre of Excellence, IoT

Government to sell properties leased to Air India

October 2017

The government has reportedly decided to sell a number of Air India’s real estate in order to speed up its divestment. This announcement came soon af...

Tags: Air India, Real estate, Connaught Place, Urban Devclopment Ministry, NBCC, Arun Jaitley

Air India to post operating profit of Rs 300 crore this financial year

April 2017

Air India is projected to post an operating profit of Rs 300 crore in the current fiscal and there is no plan to privatise the airline, the governmen...

Tags: Jayant Sinha, Rajya Sabha, Civil Aviation, Financial year, Air India

Delhi Airport signs agreement with Airbus to develop first full flight simulator

March 2017

Delhi International Airport (P) Ltd, a GMR led consortium, has announced that it has signed a land license agreement with Airbus for setting up Indi...

Tags: Delhi International Airport (P) Ltd, GMR led consortium, Aerocity, Indira Gandhi International (IGI) Airport, Air India, Indigo, Vistara, Skilling India, Bharti Realty Holdings Limited

Air India to raise over Rs 3,000 crore for purchasing Boeing aircraft

March 2017

Air India is looking to raise short-term loans worth over Rs 3,000 crore to partly fund the acquisition of four Boeing 787 planes. It plans to induct...

Tags: Air India, Boeing Inc, Banks, Financial institutions, Air India Invitation, Bridge financing, Short-term loans

Air India to raise over Rs 3,000 crore for purchasing Boeing aircraft

March 2017

Air India is looking to raise short-term loans worth over Rs 3,000 crore to partly fund the acquisition of four Boeing 787 planes. It plans to induct...

Tags: Air India, Boeing Inc, Banks, Financial institutions, Air India Invitation, Bridge financing, Short-term loans

Air India’s operational losses down 70percent to Rs 161 crore

January 2017

India’s national carrier has continued to improve its financial performance, reducing operational losses by 70 per cent to Rs 161 crore for the first...

Tags: Air India, India national carrier

Air India posts Rs.246 crore loss in April-June quarter

December 2016

Air India has reported an operational loss of Rs.246.14 crore in the three months ended June 2016. The airline had turned operationally profitable in...

Tags: Air India, Civil Aviation, Jayant Sinha, Passenger