Government mulls more funds to keep Air India flying

Bangalore: The central government is open to infusing more funds into the cash-strapped state-run Air India Ltd to keep it flying, union Civil Aviation Minister Vayalar Ravi said Monday.
"The government is committed to look after Air India. We will ensure it has a cash flow and is in a better position to meet its expenditure like salary and fuel charges," Ravi told reporters on the margins of a civil aviation conference.
Admitting that the debt-ridden and loss-making national carrier would not turn profitable in the immediate future, Ravi said the strategy was to make the airline stand on its feet in the next six months.
"I think situation will improve. The prime minister (Manmohan Singh) has agreed for appointing four directors from outside the organsation to the posts of marketing, human resources, finance and commercial," Ravi said after inaugurating the regional celebration of "Civil Aviation Centenary" and addressing a seminar on the "Strategies for Growth of Civil Aviation in the Current Decade", orgainsed by the Society of Indian Aerospace Technologies & Industries (Siati).
19/09/11 IANS/Economic Times

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Categories: Air India Sep 2011