Air India's Chairman and MD Rohit Nandan could get a two-year extension. His current term expires next month but sources tell us the Minister of Civil Aviation P Ashok Gajapathi Raju has already recommended the two-year extension for Nandan. The final decision will be taken by the Appointments Committee of Cabinet.
If Nandan's term is indeed extended, it would perhaps be a clear signal that the Narendra Modi government wants to make sure loss making Air India is out of the red, without having to take the privatisation route. Nandan is credited with improving the performance of the loss making airline and making sure Air India becomes a member of Star Alliance on its second attempt.
Though Air India has not stuck to the turnover and loss projections of the Turnaround Plan earlier devised by the government, it has been improving its performance steadily.
21/07/14 Sindhu Bhattacharya/First Post
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If Nandan's term is indeed extended, it would perhaps be a clear signal that the Narendra Modi government wants to make sure loss making Air India is out of the red, without having to take the privatisation route. Nandan is credited with improving the performance of the loss making airline and making sure Air India becomes a member of Star Alliance on its second attempt.
Though Air India has not stuck to the turnover and loss projections of the Turnaround Plan earlier devised by the government, it has been improving its performance steadily.
21/07/14 Sindhu Bhattacharya/First Post
