New Delhi: Two key government departments — the finance ministry and the Planning Commission — have sought clarifications on the state-owned Air India’s plan to hive off ground handling and maintenance, repair and overhaul (MRO) activities from the airline.
In a communication to the civil aviation ministry, the administrative government department for Air India, the Planning Commission, has asked when would the two special business units (SBUs) of the carrier would break even and also whether the business plans were backed by market studies.
“We had circulated cabinet notes on separation of ground handling and MRO from Air India to various ministries. In response to that the finance ministry and the Planning Commission have desired to know the airline’s growth and revenue projections of the two subsidiaries,” a senior aviation ministry official told FE.
22/08/11 Nirbhay Kumar/Financial Express
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