Last chance for AI to get off the ground, warns Ajit

New Delhi: Stating that Air India would soon come out with a new business plan to cut down losses, Civil Aviation Minister Ajit Singh on Friday warned that this was the last chance for the national carrier to make a turnaround and public money would not be spent anymore to sustain it.
Mr. Singh said the airline was now losing Rs. 10 crore-15 crore a day due to the pilots strike and after curtailment and rationalisation of international flight schedules, the losses would come down to Rs. 5crore-6 crore. “One thing is clear: the government will not give more public money to Air India. This [offer of] Rs. 30,000 crore is our last chance to perform or perish,” he said at a briefing for journalists here.
On the business plan, he said it could include hiring of new pilots if necessary. Air India's operations on all routes would be reviewed, particularly in the international sectors where it was making losses or not able to recover fuel cost, before f'inalising the plan.
01/06/12 Sujay Mehdudia/The Hindu

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Categories: Air India Jun 2012