Verdict on IA-AI merger soon

New Delhi: The mega merger between Indian Airlines and Air India is fast cruising towards reality.
The empowered group of ministers — under external affairs minister Pranab Mukherjee — will meet on November 13 to finalise marriage plans for the two aviation behemoths.
Sources said the GoM would take up the various routes for merger and shortlist the best-possible.
The Accenture-led consortium has suggested five different routes, which includes setting up a new entity and merging the two state-owned airlines, along with all their independent business ventures, into this new company.
The second proposal is to merge Air India into Indian Airlines, while the third route is to merge Indian Airlines into Air India. Another route suggested is to set up a holding company and keeping the two airlines as independent entities of this holding company. The final proposal is to demerge the two and maintain status quo.
The groundwork for this grand marriage in the skies has already started with the chairmen of the two airlines shooting off mailers to their top management in a bid to allay any fears of job loss.
28/10/06 Byas Anand/Times of India

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