Air India likely to table financial turnaround plan

New Delhi: Cash-strapped Air India is likely to table a detailed financial turnaround plan at a meeting of the high-level Committee of Secretaries here tomorrow, showing proposals to cut costs and enhance revenue generation over the next five years.
The plan, vetted by the Finance and Civil Aviation Ministries, is likely to include proposals relating to the nature of financial assistance it wants from the government, including equity infusion and soft loan.
28/08/09 Press Trust of India

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Categories: NACIL Aug 2009