Some airlines could face lower hi-tech volumes out of China after a move by India’s Tata Group to go vertical: its manufacturing arm looks set to seal “captive” volumes for its new subsidiary, Air India, in advance of its aircraft deliveries. The January 2022 takeover of Air India by...
Indian conglomerate Tata Sons must take control and start operatingAir India(AI,Delhi International) at the latest by January 23, 2022 - referred to as the “long stop date” in theshare purchase agreement signedwith the government last month - a source “in the know” has told the Times o...
I think it goes without saying that Tata Group is serious about turning the airline around, or else the company wouldn’t have bought a money-losing airline with endless issues. Tata Group’s takeover of Air India was announced over a year ago, and initially not much changed. However, it...
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East Star Airasked CAAC for permission to resume operations despite a Wuhan court’s rejection of takeover offers from China National Aviation Fuel Holding Co. and Shanghai YuField. East Star was forced to suspend operations and enter bankruptcy owing to its heavy debt burden and the March coll...