Pranab reviews Air India turnaround plan

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Air India
New Delhi, Sep 22: Finance Minister Pranab Mukherjee reviewed the turnaround plan of the Air India which is seeking 5,000 crore bailout from the government.

Official sources said that Mukherjee was briefed on the issue by civil aviation secretary M Madhavan Nambiar and Air India CMD Arvind Jadhav at a meeting in his North Block office.

The finance minister is understood to have made it clear that any government assistance to the national carrier would come only after it took concrete measures to reduce flab and costs.

Pranab reiterated the position that the airline should take more initiatives to cut costs and enhance savings.

OneIndia News

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