Lohani said that the move would get a better deal and also stated the government's decision to sell off AI, mentioning that privatization would make it a better airline.
AI staff to have corporate culture
Air India's working environment will see a change, says Lohani
In a letter to the AI employees, Ashwani Lohani stated that huge debt has accumulated due to continuous losses over the years and disinvestment remains the only option to make Air India a much stronger world class airline.
He further added that the PSU environment would get replaced by a corporate culture, which the AI employees will have to imbibe over time.
Other plans for AI
Air India to offer VRS to 15,000 employees post privatization
According to sources, Air India is drawing up a proposal to offer voluntary retirement to over one-third of its 40,000 employees.
Many of the contractors, including office staff and ground handlers would be given buyout offers to prevent protests.
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Air India's operating profit rises
With the disinvestment going on in the state airline, Air India's net loss after tax has been narrowed to Rs. 3,643 crore while its operating profit rose to Rs. 300 crore in the last financial year.
As reported by the government, the airline saw its total revenue, including exceptional and extraordinary items, increase to Rs. 22,146 crore in 2016-17 period.
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