Air India heading for massive trim; to start low-cost service

New Delhi: Civil Aviation Minister Praful Patel on Tuesday said that a major revamp of Air India’s top management would be carried out in 30 days and it would start low-cost domestic operations in a bid to turn around cash-strapped Air India in the next two years.
According to sources, the entire top management of Air India, which is under a loan liability of Rs 15,000 crore, would be recast in the next 30 days. Several old time directors might be asked to leave and a Professional Chief Operating Officer will be appointed under the Chairman and Managing Director.
“You will see in the next 30 days a major change in the top management in Air India. You are going to see a major change in the board. Some heads are going to roll. We are going to bring high quality people of great integrity and people with a proven track record in business,” said Praful Patel.
Apart from the massive trim, the airline has also been told to begin domestic low cost flights.
07/07/09 ANI/Thaindian.com, Thailand

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Categories: NACIL Jul 2009