'We don't give any guidance about profitability. We have internal targets but we don't discuss them publicly.'
Two issues dog the sale of the national carrier. One is the $2 billion bank guarantee the winning bidder will need to furnish. The other is the nearly 5000 lawsuits filed against Air India, many of them overseas. Anjuli Bhargava reports.
Another reason working in Air India's favour now is the government's plan to clean up part of the airline's burgeoning debt from its books - a major deterrent for investors when it attempted divestment the previous time.
Panel of its and govt officials to scrutinise operational record and decide whether to proceed with inducting more Boeing 787s.
However, in its overall performance, the airline would show losses, the sources said, adding that though Air India was still suffering losses, its performance has improved and it has returned some of the loans taken from banks.
Meet the most eligible men in the new series on Big CBS Prime.
The Shiv Sena on Thursday said that airline companies were behaving like "goons" by letting terrorists take flights but imposing restrictions on the common man
AI also working on proposal to trim pilots' pay 15-20%
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