Key independent directors may quit AI board

New Delhi: Within a year of being appointed on Air India board, three of the airline’s five independent directors — Mahindra and Mahindra group’s vice-chairman Anand Mahindra, Ambuja Realty’s chairman Harsh Neotia and FCCI’s secretary general Amit Mitra — may quit, official sources said. The move coincides with the Cabinet’s recent decision to infuse an additional Rs 1,200 crore into the loss-making airline and a go-ahead to its management to restructure salaries.
“Mahindra, Neotia and Mitra are likely to meet the civil aviation secretary Nasim Zaidi to speak their mind on Air India soon,” an official source told The Indian Express.
06/01/11 Smita Aggarwal/Indian Express

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Categories: Air India Jan 2011