The new plan comes two days after the government pumped in Rs 1,200 crore as additional equity in the cash-strapped carrier. The additional funds are part of the Rs 30,000 crore infusion plan, which is to be implemented over next nine years so long as the airline keeps meeting set financial and operational parameters for a complete turnaround. With this infusion, the airline would pay Rs 250 crore as salary to all employees, barring the pilots who have been on strike since May 7.
The rest would be used to pay tax dues and those to vendors like airport operators and oil companies. The new business plan includes the long-haul sectors on which Air India would operate flights as soon as the Boeing 787 Dreamliners are inducted, the sources said. The airline is also getting back soon an Airbus A-330, which was grounded for repairs. This aircraft is likely to be used for resuming operations to destinations like Shanghai and Tokyo, which are not covered now under the truncated schedule, they said.
The crisis-ridden national carrier intends to implement the new business plan soon to streamline its global operations, especially to North America and Europe. The airline is currently operating 75 per cent of its international flights, or 38 of the 45 two-way services it normally flies globally.