New Delhi: The Ministry of Civil Aviation and the Prime Minister’s Office have started looking for a replacement for Arvind Jadhav, the Chairman and Managing Director (CMD) of Air India, sources have said. Sources say 5 officers including Petro-chemicals secretary K. Jose Cyriac, Cochin Airport CEO Kurien and a high ranking official in the Aviation Ministry were short listed. However, all of them have declined to accept the offer.
Air India’s 40,000 employees have not received their salary for June and July and performance linked incentives (PLI) from April to July. Currently, the airline is laden with a cumulative debt of Rs. 40,000 crore it incurred over aircraft acquisition and as short-term loans to maintain its operations and posted losses around Rs. 7,000 crore for the last fiscal.
Source: http://www.indiatribune.com
Source: http://www.indiatribune.com
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