Trade News
Inbound/ Domestic News
Outbound News
Home Aviation Details


Monday, 31 December, 2018, 13 : 30 PM [IST]

Govt plans to hire professionals for Air India top posts: Prabhu

According to a PTI report, the government plans to rope in professionals for top positions at Air India through a global search process, as part of efforts to revive the national carrier, according to Suresh Prabhu, Civil Aviation Minister. With the proposed strategic stake sale of the Air India failing to take off in May, the government has been working on various initiatives, including hiving off a significant chunk of over INR 550-billion debt into a special purpose vehicle, to turnaround the airline. Now, the Centre is actively considering the proposal to professionalise Air India management. Prabhu said there were plans for complete professionalisation. “I have already ordered a global search for professionalisaton of Air India completely. All top positions in Air India should be filled by some sort of a global search. That proposal is now under consideration of the government,” Prabhu said.

 According to a source, the government plans to set up a search committee that would look for aviation professionals from across the world who can brought to Air India. Currently, the national carrier, which is staying afloat on taxpayers’ money, has nine members on the board, including two officials from the civil aviation ministry. Prabhu said debt was one of the biggest problems for revival of Air India, adding the civil aviation ministry is already working with the finance ministry to address the issue. The carrier is estimated to have a debt burden of over INR 550 billion and about INR290 billion is to be transferred into an special purpose vehicle.
Post Your commentsPOST YOUR COMMENT
* Name :      
* Email :    
  Website :  
Receive the best of Travel content in your mailbox.
Enter your e-mail ID for our
Weekly e-Newsletter
© Copyright 2015 Saffron Synergies Pvt Ltd