Friday, October 20, 2006

Air India-Indian merger put on fast track

New Delhi: Civil Aviation Minister Praful Patil indicated that the merger of the state-run Air India and Indian may come through by the end of this current fiscal year.
"I think the merger can be completed by the end of the current fiscal year," Patel told reporters.
"A group of ministers headed by Finance Minister P. Chidambaram will oversee this merger process," he added.
The minister said the merger decision was taken in view of the growing competition in the market.
"The new entity after the merger will be a strong national carrier and will be able to compete in this dynamic market in a much more effective manner," Patel said.
19/10/06 Times of India
To Read the News in full at Source, Click the Headline


Post a Comment