Stock options on cards for AI, Indian staff

Kolkata: The Ministry of Civil Aviation expects the aviation industry to attract investment of $120-150 billion over the next 10 years in hardware, infrastructure and other segments, according to Praful Patel, Union Minister for Civil Aviation.
On IPO plans of the Air India-Indian merged entity, Patel said: “It will take another six months to one year. In between there is a plan to offer ESOPs (Employee Stock Option Plan) to the 33,000 employees of the merged entity.” He also maintained that the Government has offered no tax sops in the Air India-Indian merger process.
The Ministry of Civil Aviation also favours relaxation of regulations to allow Indian carriers with less than five years’ domestic flight operation experience to fly overseas in a bid to increase share of Indian carriers in inbound and outbound air traffic. The Inter Ministerial Group (IMG) is currently looking into this issue.
08/09/07 Sify

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Categories: Air India - International Sep 2007, Air India Domestic Sep 2007, NACL Sep 2007