The Indian Government is keen to have the national carrier out of the financial mess in the next two years. It is an uphill task considering huge debts and losses incurred by the maharaja but the UPA government is positive about getting it back in the black at the earliest.
The revival by additional equity infusion by the government subject to AI cleaning its financial mess in 2 years is being followed by the prime minister and is being coordinated by the Civil Aviation ministry and the Air India management. However it is being said that apart from equity infusion, steps should be taken for operational reforms to have the company stop bleeding.
The detailed report on 3rd December 2009 on ET Now
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