Air India revival plan prepared: Jayant Sinha


The government has prepared a revival plan for Air India that provides for a comprehensive financial package, differentiated strategies for each of the airline’s core businesses and robust organisational reforms, Union Minister Jayant Sinha said Thursday.

Various initiatives to turnaround the national carrier, which is staying afloat on a bailout package extended by the previous government, including monetisation of real estate assets are progressing. Sinha told the Lok Sabha that the government has prepared a revival plan for Air India which focuses on building a competitive and profitable airline group.

A comprehensive financial package, including transfer of non-core debt and assets to a Special Purpose Vehicle, implementation of a robust organisational and governance reforms by the board and differentiated business strategies for each of the core businesses of Air India are part of the plan. Read More

You may also read!

Rafale would significantly bolster India’s air defence capabilities: IAF Chief

With the first Rafale fighter jet set to arrive in India in September this year, Air Chief Marshal BS

Read More...

After rly tickets, now boarding pass of Air India have PM pics; airline says looking into it

A boarding pass issued by Air India with pictures of Prime Minister Narendra Modi and Gujarat Chief Minister Vijay

Read More...

Boeing testing software changes to 737 MAX planes

Pilots from the three American carriers that fly the Boeing 737 MAX planes tested software changes developed by the

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu