Thursday, September 07, 2006

AI-IA merger path set

Bangalore: If everything goes as per the government’s plans, state-owned carriers Air India and Indian Airlines would have merged by the end of the next financial year.
In a move that depicts the urgency of the government to move forward with the amalgamation of the two carriers, private consultant Accenture India Private Ltd, which has been given to prepare the feasibility report, has been asked to submit the preliminary report on the merger by October 15 for government approval.
According to senior Air India officials, the consultant will have to chart out the merger process within 16 weeks of getting the government clearance.
The plan would be completely executed by March, 2008.
06/09/06 Praveena Sharma/Daily News & Analysis
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