Quote: Sources said the entire top management of Air India is to be recast in the next 30 days. As part of the shake up, several old time directors will be asked to leave and a Professional Chief Operating Officer will be appointed under the CMD. However, the incumbent CMD Arvind Jadhav will continue in office.
TOI also reports that the plan of major shake-up of AI management is to put the airline back on track. There is talk of 7 independent directors being appointed to Air India.
AI badly needs such major revamps to bring in fresh ideas and innovations to transform the airline into profitable and optimize the network by discontinuing the loss making routes and adding new feasible ones. Work towards joining Star Alliance and last but most important is to get some private equity/partnership.
MHTripple7 From United States of America, joined Feb 2008, 1050 posts, RR: 5 Reply 1, posted (3 years 10 months 2 weeks 5 days 14 hours ago) and read 1513 times:
I think this will be very good for AI. Clearly the current management has done nothing good for the airline and perhaps this shake up will help. Maybe the merger between AI and IC will finally be completed.
Gr8Circle From Canada, joined Dec 2005, 2986 posts, RR: 4 Reply 2, posted (3 years 10 months 2 weeks 5 days 14 hours ago) and read 1471 times:
Hopefully the trimming will go down to lower levels too.....the unions will, of course, fight tooth and nail and we can expect a couple of nasty strikes in coming days.....but if they want to survive, AI has to cut down its surplus workforce considerably....
Quote: Taking aggressive steps to turn around cash-strapped Air India in two years, Government said a major revamp of its top management would be carried out in 30 days and there would be a partial disinvestment of the national carrier in the near future.
Wow...30 days too short. Good to hear about the disinvestment.
LAXDESI From United States of America, joined May 2005, 5085 posts, RR: 48 Reply 4, posted (3 years 10 months 2 weeks 5 days 8 hours ago) and read 1296 times:
I suppose a partial disinvestment will come after completion of AI/IC merger. Hopefully, the management revamp should help in expediting the merger.
As for disinvestment, I hope foreign airlines are allowed to take up to 26% stake(as reported earlier) in AI.
Quote: J R D Tata founded Air India in 1932 and 77 years later, the responsibility of reviving the crisis-ridden airline could fall on his successor Ratan Tata.
Aviation minister Praful Patel is setting up an international advisory board comprising prominent people, including former heads of major global airlines, to helm the turnaround of Air India. And top government sources said Ratan Tata has already been approached to head this board.
Great news, the founders will obviously have emotional bonding with the airline and with his strong business acumen he can play a major role if he joins in a capacity which has sufficient powers.
AirIndia From United Arab Emirates, joined Jan 2001, 1545 posts, RR: 1 Reply 6, posted (3 years 10 months 2 weeks 4 days 18 hours ago) and read 1095 times:
Quoting Aviationbuff (Reply 5): Great news, the founders will obviously have emotional bonding with the airline and with his strong business acumen he can play a major role if he joins in a capacity which has sufficient powers.
Quote: Air India's parent company National Aviation Co of India (Nacil) is likely to report losses of 50 billion Indian rupees ($1.02 billion) for the financial year ending 31 March.
Give them too much time and they'll find ways to avoid the axe
Quoting Aviationbuff (Reply 5): Ratan Tata has already been approached to head this board
Ratan Tata should make the governement provide assurances that he will have a free hand to do whatever required to turn around the airline....else, he should decline.....
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