New Delhi: A standing committee report which was presented to Parliament Friday cautioned the government about carefully implement the revival plan for national carrier Air India.
"The committee would like to caution the Air India management and the government to be very careful while implementing its restructuring, revival plans. The greatest challenge it must overcome on priority is that relating to Human Resource (HR) issues created due to ill-conceived merger plan," the standing committee on transport, tourism and culture said.
The committee supported the government's approval for the turnaround (TAP) and financial restructuring plans (FRP) for Air India, saying that it has noted the serious efforts being made by the Air India management and the government for taking the national carrier out of the current mess it is in.
"The committee feels that infusion of government equity to the tune of Rs.30,000 crore over a nine-year period, induction of 27 Boeing 787 Dreamliners, proposal to hive off Air India's maintenance, repair and overhaul (MRO) business and its engineering services as two wholly-owned subsidiaries will yield the much desired results in the long run."
27/04/12 IANS/Economic Times
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