National carrier Air India's turnaround plan is yet to get off the ground. The much awaited group of minister's (GoM) meet on aviation failed to take any decision on a decisive course of action.
Jitendra Bhargava, Former Exec Director, Air India in an interview with CNBC-TV18 said, "The entire reliance has been on financial restructuring and getting aid from the government which in my opinion is a temporary and a short term solution. It will not take Air India very far. Air India needs to set its priorities right." Also Read: ICICI Bank agrees to refinance AI's loans worth Rs 5500cr Below is the verbatim transcript of his interview with Shereen Bhan of CNBC-TV18. Also watch the accompanying video. Q: You have been part of Air India; the national carrier turnaround plan is yet to get off the ground. The much awaited group of Ministers meeting on aviation has failed yet again. There has been no decisive decision that has been taken. This is the second time that the debt restructuring plan has not been approvedDiscover 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!
