Mumbai: The board of the embattled flag carrier Air India today met here and reportedly decided to submit a revised turn-around plan to the government.
Though airline spokesperson described the meeting as "routine", a source said, "The board decided to submit a revised turn-around plan to the government following the finance minister's recent call to cut down on expenses. It also discussed the funding plan for the proposed acquisition of 27 Boeing 787 Dreamliners."
The national carrier, which is sinking in a pit of Rs 63,000-crore debt and has not been paying its employees for months now, has been demanding an emergency Rs 3,000 crore capital infusion from the government.
27/08/11 Times of India
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