Air India may crash on govt's empty promises

National carrier Air India's turnaround plan is yet to get off the ground. While the much-awaited Group of Minister's meet on aviation once more failed to take any decision on a decisive course of action, Air India's empty kitty, delay in paying its employees, vendors and oil companies is slowly taking a turn for the worse. CNBC-TV18's Mehak Kasbekar reports in detail.
The promises to turn Air India have been made so often, not just by successive aviation ministers, but even prime minister Manmohan Singh, who promised to put the 'entire weight' of the government behind Air India. That was in June 2009; two years since the national carrier has gone from bad to worse.
And there seems to be little help in sight. After yet another failed attempt the ministers have decided to form yet another committee—this time of finance ministry, aviation ministry officials and the planning commission. The committee now has six-weeks to report back to the GoM with a plan that has already been discussed and altered three times before—first by SBI Caps, then by Deloitte Touche Tohmatsu and the GoM again.
23/06/11 CNBC-TV18/Moneycontrol.com

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Categories: Air India Jun 2011