Private equity veteran Renuka Ramnath is among the five persons appointed by the Ministry of Civil Aviation to oversee the financial restructuring plan for Air India.
Ajit Singh, minister of civil aviation, who is spearheading the turnaround and financial restructuring plan for Air India, has appointed them as part-time directors on Air India’s board, to use their skills for achieving the targets set by the government, said an official release.
Author Gurcharan Das, former Air Marshal KK Nohwar and professors Prem Vrat and Ravindra H Dholakia are the other part-time directors.
The appointments are part of the government’s plan to take a decision on issues plaguing the airline, including leasing out, monetisation of assets, boosting top-line and reducing debt in the backdrop of heightened competition.
28/05/13 Bruhadeeswaran R/VCCircle
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Ajit Singh, minister of civil aviation, who is spearheading the turnaround and financial restructuring plan for Air India, has appointed them as part-time directors on Air India’s board, to use their skills for achieving the targets set by the government, said an official release.
Author Gurcharan Das, former Air Marshal KK Nohwar and professors Prem Vrat and Ravindra H Dholakia are the other part-time directors.
The appointments are part of the government’s plan to take a decision on issues plaguing the airline, including leasing out, monetisation of assets, boosting top-line and reducing debt in the backdrop of heightened competition.
28/05/13 Bruhadeeswaran R/VCCircle
