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| September 16, 2009 | Revival plan for Air India on track | | New Delhi: Union Civil Aviation Minister Praful Patel said here on Wednesday that a revival plan for national carrier Air India is on track and his ministry will soon approach the
Union Cabinet for approving infusion of equity. Speaking to newsmen, on the sidelines
of the symposium on cooperation between India and Asia in the aviation sector,
Patel said the revival plan is in the process of being finalised. He said the
ministry has initiated the measures to cut expenditure, increasing revenue and
rationalising routes and also to reduce Air India's high cost debt with low cost
debts. In his speech at the symposium, Patel expressed cautious optimism about
the revival in the aviation sector and urged private airlines to reduce costs
and focus on low cost carriers He suggested airlines operate through shorter air
routes that were less congested. Reiterating his ministry's commitment to aviation
safety, Patel said it tops the agenda of the civil aviation ministry. | |
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