Must Read

CMD Air India: Lohani may get extension?

By IndianMandarins- 09 Jan 2020
2431

cmd-air-india:-lohani-may-get-extension-

Amid government’s approval of a draft document inviting expressions of interest by the end of January 2020 the outgoing Air India CMD Ashwani Lohani is tipped for another extension. Lohani’s tenure as CMD is coming to end on February 15, 2020.

Indianmandarins has reliably learnt that top authorities have arrived at a consensus to extend Lohani’s tenure which may be formalised soon.

Further, it may be underlined that about half of the debt has already been transferred to the SPV and the government may further approve transfer of Air India’s debt to a special purpose vehicle (SPV). However, it was not clear what the government plans to do with Air India’s large workforce, currently more than 20,000, including that of its subsidiaries. Air India has 128 aircraft in its fleet. A cash shortage has forced the grounding of 26 of its aircrafts.

free stat counter

Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.