The Travel Agents Association of India (TAAI) says its 2,400 active, allied and associate members may agree to waive the commission charged on Air India tickets booked by agents if the loss-making airline asks for this. The move could save A-I around Rs 300 crore annually.

Petroleum ministry approves a three-month periodComing as a relief for cash-strapped Air India, the Union petroleum ministry has approved a three-month credit period to oil marketing companies (OMCs) for payment of its aviation turbine fuel (ATF) dues. Currently, OMCs provide A-I a two-month credit.

Plans to rake in Rs 900 crore from marketing engineering, cargo & training services.

Air India (A-I) chairman Arvind Jadhav today announced that the state-owned airline was making an aggressive move to become a low cost carrier (LCC) in the domestic skies, competing against IndiGo, SpiceJet and JetLite, which control over half the market.