Thursday, June 15, 2006

Decision on consultant for AI-Indian merger likely on June 16

New Delhi: A decision on appointing a consultant to prepare the roadmap for the merger of Air-India and Indian is likely to be taken on Friday when a Committee set up by the Boards of the two airlines meets in Mumbai.
The consultant, to be selected from among seven bidders, is likely to be given three months to prepare the roadmap, Air-India Chairman and Managing Director V Thulasidass told PTI in an interview here.
The consultant would also suggest whether, how and when the public sector airlines would enter the market by issuing Initial Public Offer (IPO) to raise resources.
The Committee set up for selecting the consultant includes the chiefs of both the public sector airlines as well as officials of the Civil Aviation Ministry.
14/06/06 PTI/Daily News & Analysis
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