Archive for the ‘Indian’ Category

Cabinet gives green signal to AI-IA merger

March 2, 2007

The Union Cabinet has given the final nod on the mega-merger of the two national carriers, Air India and Indian. The merger would turn the new entity into a large airline, with a combined fleet of about 120 aircraft and a staff strength of 30,000, capable of taking global competition head-on. The public sector character of the merged airline would continue.

By 2010-11, when all the new aircraft ordered by the two carriers are inducted into the fleet, the merged entity’s employee-aircraft ratio would come down to about 200:1, comparable with any major global airline. While Air India has ordered 68 Boeing planes, Indian has finalised the acquisition of 43 Airbus aircraft.

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Public sector competition coming for low-cost airlines

March 2, 2007

Private sector low-cost domestic and international airlines could soon face competition from the newly merged Air India and Indian.

The Government is considering a proposal to create a low-cost airline arm of the proposed merged entity to operate regular flights not only within the country but also to international destinations.

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`Wage revision of airline staff`

March 2, 2007

Taking the merger process of state-owned airlines a step ahead, Union Civil Aviation Praful Patel has made a successful pitch with one of the largest employees union of Indian Airlines by assuring them that the Government would implement the long standing demand of wage revision, pending since 1997.

At a meeting held in Mumbai today, Patel reiterated that the pending wage revision of Indian Airlines employees would be resolved prior to the merger.

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Indian announces new fares to Mumbai

March 2, 2007

Domestic carrier Indian on Wednesday announced a new fare of Rs 1575 to Mumbai from three southern cities of Chennai, Bangalore and Hyderabad as part of its seasonal promotional scheme.

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IA employees to strike work on March 12

March 2, 2007

Flight services of national carrier Indian are likely to be hit on March 12, as a section of its employees threatened to strike work demanding higher wages among other things.

The Air Corporation Employees Union (ACEU), representing 13,000 employees across the country, has served a strike notice to the Indian management and the Chief Labour Commissioner to this effect, ACEU General Secretary Arun Kumar said.

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Govt eyes twin legal tracks for Air India, Indian merger

February 26, 2007

With the empowered Group of Ministers (EGoM) clearing the way for merger of Air-India (AI) and Indian, the government is considering two legal options to merge the state-owned carriers under the Companies Act of 1956.

The first option envisages the ministry of company affairs passing an order, under Sections 391-394 of the Companies Act, on an application filed by the board of directors of the two companies. This route would require the two carriers to obtain creditors’ approval — “majority” in number and 3/4th in terms of value.

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Post-merger, A-I, IA to hire new advisor

February 25, 2007

Post-merger, Air India and Indian Airlines will hire a change management consultant to enable the employee adapt with new working environment and reorient themselves to deliver better performance.

Air India Chairman and Managing Director Vasudevan Thulasidas said the combined entity will have a change management consultant which will enable employees to be IT-savvy.

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AI, IA will merge to gain muscle

February 25, 2007

The stage is set for the merger of Indian Airlines and Air India. An empowered group of ministers on Wednesday cleared the proposal to create a single national carrier — a move first mooted more than 20 years ago for providing muscle to the public-sector carriers to take on private and international airlines.

The merger, expected to be completed over the next three months, will create an entity with a fleet of around 120 aircraft. As new planes join the fleet, some existing ones are phased out and those on lease returned, the carrier will have over 125 new-generation aircraft by 2010.

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Decks cleared for Air India-Indian merger

February 25, 2007

With the empowered group of ministers (eGOM) approving the merger of Air India and Indian on Wednesday, the stage is set for creation of a mega airline company, ready to take on global giants like Singapore Airline and Emirates. With a fleet size of 112 aircraft and an extensive domestic as well as international network, the merged entity is also expected to step up competition for leading Indian carriers like Jet Airways.

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IA golden handshake for 40-plus airhostesses

February 15, 2007

Gearing up to face increasing competition from private airlines, state-owned Indian Airlines is now seeking younger airhostesses. In fact, it is introducing a new voluntary retirement scheme for airhostesses above 40 years. Keeping in mind the hazards of introducing a VRS in a public sector company, IA is offering a minimum of Rs 25 lakh and also a guaranteed employment for one member of the family as part of the operational crew.

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