No job, wage cuts in Air India: Praful Patel

July 25th, 2010 - 9:29 pm ICT by IANS  

Mumbai, July 25 (IANS) National carrier Air India is on the path of strong recovery and there would be no job or wage cuts, Minister of State for Civil Aviation Praful Patel said Sunday.
The AI team, headed by the chairman and managing director Arvind Jadhav, made a presentation on the plan for financial restructuring and turnaround till 2014-2015 before the board of directors, making an announcement that the operations will break even by 2015.

“The government is committed to the national carrier. Infusion of funds is subject to AI showing that it wants to come out of the problems they are facing,” Patel said.

The turnaround plan highlighted the national carrier’s “corporate mission to deliver the highest quality of service around the world and be the epitome of Indian hospitality”.

The carrier also aims to fly 25 million domestic passengers and 15 million overseas passengers by 2015. AI has, this year, received funding of Rs.1,200 crore as against Rs.800 crore last year.

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