‘Air India needs Rs 10,000 cr'

Our Bureau Mumbai | Updated on February 17, 2011 Published on February 17, 2011

An Indian Airlines Aircraft (file photo)

The beleaguered national carrier Air India will need more than Rs 10,000 crore to strengthen its financial position, Mr Vayalar Ravi, who recently took over as Minister for Civil Aviation, said on Wednesday after completing his first day of discussions with the airline's unions.

Last year, the airline had estimated that it would require Rs 10,000 crore and was looking at various options, including issue of bonds, but the proposal was not accepted by the Government.

“I held discussions with almost half of the unions today to understand what way we can go ahead with the turnaround of Air India…There are financial concerns and operations have also not moved satisfactorily. On the integration of human resources nothing has moved satisfactorily, so I have spoken to them to find a solution to all this,” Mr Ravi told newspersons.

Issues related to salaries of employees, integration of manpower of erstwhile Air India and Indian Airlines (post the merger), and other matters concerning the airline's routes will be top priority, he said.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on February 17, 2011
This article is closed for comments.
Please Email the Editor