18 Aug '11, 8am

New Air India boss pledges financial turnaround

MUMBAI: Air India's new boss has vowed to turn around the ailing airline, calling for the brand to be completely overhauled to meet the needs of modern-day travellers. Rohit Nandan, appointed by the government last week, told the Economic Times in an interview published on Thursday that "economic turnaround of the airline is a priority", as it battles massive losses and crippling debts. The 54-year-old civil servant, who comes to Air India from the country's civil aviation ministry, said he was "absolutely comfortable" taking over the helm of the struggling state-owned flag carrier. Air India, once referred to as the "maharajah of the skies", has been in the red since 2007 when it merged with domestic carrier Indian Airlines. The government in New Delhi has injected some 25 billion rupees ($550 million) into the airline and is expected to infuse another 12 billion rupees i...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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