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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.
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CMD Air India: Lohani may get extension?
By IndianMandarins - 2020-01-09 11:20:00
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.