Air India rolls out voluntarily retirement scheme, starts fresh hiring
Business | June 02, 2022 10:04 ISTAir India's new voluntarily retirement scheme is a bid by the company to encourage a significant section of its employees to retire.
Air India's new voluntarily retirement scheme is a bid by the company to encourage a significant section of its employees to retire.
Loan Against Shares: To get loan, stock market investors would require to simply pledge their dematerialised shares online which is facilitated by securities depository National Securities Depository Limited (NSDL).
On January 31, Tata Steel had announced winning the bid for acquiring 93.71 per cent stake in Odisha-based steel maker NINL for Rs 12,100 crore.
In a tweet, the airline said, "Passengers holding tickets of Air India with a 4-digit flight number starting wiith '9' or 3-digit flight number starting with '9I' may please be informed that these bookings belong to Alliance Air.
Tata Neu aims to take on Reliance and Amazon in the race to become the most popular super consumer app, addressing 12 segments including grocery, electronics, flights, hotels, health, beauty, luxury, cricket, entertainment and others.
It has been reported that users are complaining about facing some technical difficulties in signing in and delayed response time.
Tata Coffee is a coffee company owned by Tata Group. Tata Coffee is the largest integrated coffee plantation company in the world.
Jamsetji Tata started his work as a merchant dealing in cotton, pig iron initially but he is mainly known for his contribution of establishing Tata Iron and Steel Works company in Jamshedpur.
Air India is also planning on changing the meal services that are offered to the onboard passengers. The airline also said that it is enhancing its meal plans to 'full' for some sectors starting Thursday, the day of the handover. The changes, it said, will be made across most sectors over time in a phased manner.
After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited, a subsidiary of the Tata Group's holding company, for Rs 18,000 crore.
Tata Group, which won the bid to acquire the national carrier along with Air India Express and 50 per cent stake in AISATS in October last year, is expected to formally takeover the airline on Thursday.
Maharaja is the official mascot of Air India which operates globally apart from domestic operations. According to the available data in 2020, "Air India operates around 101 destinations including 57 domestic operations including 33 countries on four continents around the world."
After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited.
As of August 31, Air India had a total debt of Rs 61,562 crore and 75 per cent of this debt or Rs 46,262 crore will be transferred to a special purpose vehicle AIAHL before handing over the loss-making airline to the Tata Group.
Tata group has emerged as the winning bidder for Air India, and on October 11, a letter of intent (LoI) was issued to the group.
The airline's order stated that "procurement of new aircraft parts" and "procurement of non-aircraft parts" -- which are of more than Rs 10 lakh cost -- must be done after the approval of "Director Finance or Executive Director Finance".
Akasa Air, which is backed by former IndiGo president Aditya Ghosh, ace investor Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dube, got NOC from Civil Aviation Ministry on Monday.
Tata Group has several verticals, one of which tourism and travel houses the group's interest in Indian Hotels Company, Vistara and AirAsia India.
On an emotional note, Air India under the leadership of JRD Tata had, at one time, gained the reputation of being one of the most prestigious airlines in the world.
They say better late than never. For the Tatas, the original owners of Air India, bringing back the airline to its fold is worth the wait even if the attempt to privatise the bleeding national carrier by successive governments has taken over two decades. While many airlines have come and gone from the Indian skies since the time when the first move was made to privatise Air India to date, the salt-to-software conglomerate has never let the love affair with aviation, more so with Air India that its former Chairman Jehangir Ratanji Dadabhoy Tata (JRD) had, to go off the radar. Considering the respect for legacy that the group has, it is therefore not a surprise that the Tatas shelled out so much (Rs 18,000 crore) to take back Air India. This is a group that didn't mind investing Rs 2 lakh back then in 1932 to start Tata Aviation Service, the precursor of Tata Airlines and Air India.
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