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| January 21, 2010 | Parliamentary panel slams Indian Airlines, Air India merger | | New Delhi: A parliamentary panel on Thursday criticized the Government's hasty decision of merging Indian Airlines and Air India, saying that the merger has only created an unfortunate situation. The committee said the decision to
merge the two carriers was done without proper homework. "The manner in which
the merger was implemented and the manner in which various issues connected to
the merger were tackled has led to an unfortunate situation," said Sitaram Yechuri,
Chairman of the Parliamentary Standing Committee on Transport and Tourism. Yechury
further said that the merger has added to the woes of country's civil aviation
sector. "This has created a situation where instead of utilizing the synergies
of both Air India and Indian Airlines and taking on the contribution both domestically
and internationally, we are ending up losing out in the process," Yechury said.
The merger of state-run Air India and Indian Airlines was done in 2007 with the
approval of the Union Ministry of Corporate Affairs. The two state-run airlines
were merged into National Aviation Company Ltd. The parliamentary committee felt
the differences of aircraft types and human resources existing within National
Aviation Company had become a stumbling block in achieving the required economies of scale. | |
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