The group of ministers, which is reviewing the recovery path of Air India, will meet next month to discuss the turnaround strategy and the infusion of Rs 1,200 crore as equity.
“First, we will discuss about the turnaround strategy and the entire revival plan of the company within the organisation and also with the employees’ unions.
After that, we will brief the GoM (group of ministers) meeting next month,” the civil aviation minister, Mr Praful Patel, said.
The GoM, headed by the finance minister, Mr Pranab Mukherjee, was earlier slated to meet this month. Besides Mr Patel, its other members are the home minister, Mr P. Chidambaram, and the law minister, Mr Veerappa Moily.
The government has pumped in equity worth Rs 800 crore in the last financial year and plans to infuse Rs 1,200 crore more this year. After the last meeting of the GoM on February, Mr Patel had briefed the finance minister on Air India’s status in May.
He was accompanied by independent directors, including industrialists such as Mr Anand Mahindra and Mr Harsh Neotia and former IAF chief, Mr Fali Homi Major. — pti