Mumbai/New Delhi, January 08: The Air India board today began deliberations on crucial financial issues like bridge loans for aircraft deliveries, its plans for commercial transformation and reinventing the brand.
At the start of the two-day meet, functional directors of the National Aviation Company of India Limited (NACIL) made presentations on their plans and strategies to reduce costs and on operations to the Board, sources said.
The meeting comes in the backdrop of the government approving the grant of the first tranche of equity infusion of Rs 800 crore and asking the company to take urgent cost- reduction and revenue enhancement measures to turnaround the loss-making national carrier.
The Board is understood to have taken up as many as five proposals for approval, including financial sanctions for the commercial transformation of Air India, they told
–Agencies