AI Dirs asked to work on turnaround plan | india | Hindustan Times
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AI Dirs asked to work on turnaround plan

Air India’s top management has got down to brass tacks. Chairman and managing director Arvind Jadhav has freed all six directors from operational duties and they will now fully concentrate on preparing a comprehensive turnaround plan for the ailing airline.

india Updated: Jul 09, 2009 01:29 IST
Lalatendu Mishra

Air India’s top management has got down to brass tacks. Chairman and managing director Arvind Jadhav has freed all six directors from operational duties and they will now fully concentrate on preparing a comprehensive turnaround plan for the ailing airline.

The task of the six directors is to prepare the turnaround plan for submission to the prime minister within 30 days to avail a government bailout package.

These directors, currently heading different departments, have been asked to hand over the handling of day-to-day functioning of their departments to their juniors.

Despite several attempts, the AI spokesman was not available for comment. But HT has reliably learnt about the changes.

The directors include Anup K. Srivastava (director personnel), S. Chandrasekhar (director finance), Amod Sharma (SBU head-related business), K M Unni, (SBU head-MRO Airframe), V K Sharma (SBU head engineering & components) and Anita Khurana (SBU head cargo).

Chandrasekhar has been asked to solely coordinate with SBI Caps to prepare a financial structuring plan, including measures for cost reduction and revenue generation. Srivastava has been directed to draw up an action plan concerning employment regulation of staff, including performance linked wages.

The strategic business unit heads of MRO-Airframe and Engineering & Components will now be responsible for chalking out a plan for immediate disposal of surplus aircraft, return of leased aircraft and taking a relook at new orders.

Khurana, head of cargo, will prepare a plan for revenue enhancement for the department while Amod Sharma will review airline’s real estate assets.

The changes come a day after Civil Aviation Minister Praful Patel made his intention clear for speedy turnaround of the airline, including bringing in major changes at the top management.

AI is also considering inducting seven new independent directors from the corporate sector with international exposure to run the airline in a professional manner.