New Delhi, July 23: Ahead of a high level committee vetting its restructuring plan, government has appointed SBI Caps to prepare a growth plan for the cash-strapped national carrier Air India.
“We have appointed SBI Caps. Soon, we would be getting feedback on what would be the short, medium and long term restructuring required for Air India,” Civil Aviation Minister Praful Patel said while speaking at an event on India Aviation 2010 international exhibition here.
The minister said that the national carrier would soon get an organisational restructuring plan and will go under a major transformation in the near future.
“We will be undergoing a major transformation of the management. We will involve lot of important and eminent people on the board of Air India and have an international advisory board as is a practice across the world,” Patel said.
“We will be having a Chief Operations Officer (COO), who will be assisting the Chairman and Managing Director, and will run the airline in totality with a good team and this is what is exactly needed in the years to come,” he added.
Stressing on the need for Air India to streamline its operations, he said, “I am sure they would want to cut out loss making routes. The government does not get into the business of regulating routes and this is a deregulated sector and applies to the national carrier also.”
–PTI