Recently there has been speculation inside media with respect for the national carrier Air India.
Air India has been passing through a hard phase to your last few years. After the merger of Indian Airlines and Air India, the global economy went through a severe recession, and ATF prices hit an all time high. A extremely competitive aviation marketplace produced an early recovery all of the additional difficult. These causes have resulted in losses inside last few years.
Air India could be the national carrier, and Federal government of India has taken several steps to tide more than the crisis. Federal government has inducted Rs. 2000 crore inside equity and one more Rs. 1200 crore is becoming infused this year in an effort to proper the negative debt-equity ratio.
Justice Dharmadhikari Committee has been constituted by the Ministry of Civil Aviation to address lengthy pending human resource problems on the airline inside a time bound manner.
New Strategic Business units are becoming set as much as hive off MRO (Maintenance, Repair and Overhaul) and Ground Handling organizations within Air India Airline. This would assist Air India focus on tapping the significant corporation capacity of these markets.
Recently, Air India has recommended a Turn Around Plan (TAP), duly vetted by an independent agency, plus a Financial Restructuring Plan (FRP) has been prepared by SBI Caps. Both are currently under the active consideration on the Group of Ministers.
All these short word and medium word measures are expected to make Air India a robust and competitive airline. The Federal government of India attaches utmost importance for the credible revival of Air India.
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