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Panel to suggest steps for Air India turnaround

Last Updated: Thursday, January 03, 2013, 16:12

A five-member committee, headed by IIM-Ahmedabad's Prof Ravindra H Dholakia, was set up by Civil Aviation Minister Ajit Singh after a review meeting of the ailing national carrier's functioning.

Air India invites merchant bankers to raise $1 bn

Last Updated: Sunday, April 15, 2012, 19:10

Two days after the government okayed a turnaround plan, cash-strapped national carrier Air India invited merchant bankers to raise working capital loans up to USD 1 billion from overseas markets.

CCEA may take up AI restructuring, equity infusion Thursday

Last Updated: Wednesday, April 11, 2012, 18:22

In what may come as a big fillip to Air India, the government is likely to take up for approval on Thursday its turnaround plan (TAP), including the issue of infusion of additional equity, in a bid to shore up the precarious financial position of the cash-strapped carrier.

GoM to meet today to review Air India's turnaround plans

Last Updated: Tuesday, January 17, 2012, 09:32

The GoM, headed by Finance Minister Pranab Mukherjee, would deliberate on the Reserve Bank of India's views on the debt restructuring plan, as well as the programme for acquisition of 27 Boeing 787 Dreamliner planes, sources said.

Turnaround strategy for Air India soon: Govt

Last Updated: Friday, August 12, 2011, 14:30

The government will soon spell out a comprehensive turnaround plan for flag carrier Air India, which is burdened with a cumulative loss of Rs.22,165 crore and struggling to even pay wages to employees, parliament was informed Friday.