Nacil asks 6 directors to prepare turnaround plan for ailing airline

Mumbai: National Aviation Co. of India Ltd (Nacil), which operates Air India, on Wednesday asked six of its nine serving directors to prepare a turnaround plan for the ailing airline. The carrier is expecting to post a loss of about Rs5,000 crore for the year 2008-09. In a circular issued on Wednesday, Nacil reallocated the work responsibilities of at least six directors to focus them on the turnaround plan.
A senior Nacil executive confirmed the development. At least two directors told Mint they have received the circular.
The circular said that the airline is facing severe financial crunch and that these directors should prepare a turnaround plan that will be vetted by a financial consultant and the top management.
The six directors include Amod Sharma, head of strategic business unit (SBU) and related business; Anup K. Srivastava, director of personnel; Anita Khurana, SBU head for cargo; Vipin K. Sharma, SBU head of maintenance, repair and overhaul of engines, and components; K.M. Unni, SBU head of maintenance, repair and overhaul of airframe; and S. Chandrasekhar, director of finance.
09/07/09 P.R. Sanjai/Livemint

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Categories: NACIL Jul 2009