National carrier Air India's turnaround plan is yet to get off the ground. While the much-awaited Group of Minister's meet on aviation once more failed to take any decision on a decisive course of action, Air India's empty kitty, delay in paying its employees, vendors and oil companies is slowly taking a turn for the worse. CNBC-TV18's Mehak Kasbekar reports in detail.
The promises to turn Air India have been made so often, not just by successive aviation ministers, but even prime minister Manmohan Singh, who promised to put the 'entire weight' of the government behind Air India. That was in June 2009; two years since the national carrier has gone from bad to worse. And there seems to be little help in sight. After yet another failed attempt the ministers have decided to form yet another committeeDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
