A parliamentary panel has called for fixing the responsibility for the improper merger of the Air India and Indian Airlines. The panel says this adversely affected impact on financial viability of the public carrier.Briefing reporters, Chairman of the Public Undertakings committee Mr. V Kishore Chandra Deo said that the merger of the two public sector airlines was an ill conceived and erroneous decision and has caused wastage of public money.The report of the committee was tabled in Parliament today. Giving recommendations for making Air India commercially viable, the panel has recommended strict compliance to define performance benchmarks for a phased capital infusion.The report recommends creation of a separate and professional business unit expediting the repair and overhaul process in the aviation industry apart from increasing utilization of air crafts to bring it to average of 16 hours a day per air craft.Mr Deo added that capital infusion in the ailing public airline is imperative to make the company credit worthy.
News On AIR | March 12, 2010 5:30 PM
Air India, Indian Airlines merger causes wastage of public money: Deo