(a) whether the Government has any plan to improve the economic condition of loss making Air India;
(b) if so, the details thereof;
(c) whether the Government would consider leasing out Air India to an Indian/ foreign/joint venture operator instead of pumping in more money into the loss making national carrier; and
(d) if so, the details thereof ?
The Minister of State in the Ministry of CIVIL AVIATION
(Shri Jayant Sinha)
(a) & (b): The Government has prepared a Revival Plan for Air India. Air India''s Revival Plan is focused on building a competitive and profitable airline group. The Revival Plan comprises several major elements including:;
;
(i) A comprehensive financial package, as approved by Government of India - this includes transferring non-core debt and assets to a SPV;.
(ii) Higher levels of operational efficiency by strengthening management and implementing best practice business processes;.;
(iii) Robust organizational and governance reforms to be implemented by an eminent Board;.
(iv) Differentiated business strategies for each of Air India''s core businesses;.;
(v) World-class HR practices to ensure a talented and motivated workforce; and;
(vi) Sale of non-core real estate assets and strategic disinvestment of subsidiaries such as Air India Air Transport Services Ltd. ;
(c) & (d): No such proposal is under consideration by the Government at present.