Tuesday, December 12, 2006

Post-merger, separate pilots to man Indian, Air India SBUs

New Delhi: The merged corporate structure of Indian and Air India is set to go the Lufthansa way. The merger is being mooted on a decentralised model where the new company will float separate subsidiaries for various operational functions of the airline company. This will include different subsidiaries for full service airline, low-cost airline, maintenance, repair & overhaul (MRO), ground handling and cargo among others.
The broad contours of the new merged entity have been put in place by the committee of secretaries that gave its final recommendation to the merger of Indian and Air India in its meeting on Monday. The broad plans for the new company entails having separate CEOs for each subsidiary that will function as independent profit centres.
12/12/06 Sunny Verma/Economic Times
To Read the News in full at Source, Click the Headline


Post a Comment