No job cut or wage cut at AI
The troubled airline, Air India may have been having a tough time making its presence in the Indian airline industry and still keeping its bottom line healthy, but the airline carrier is certainly its level best to ensure a healthy future. In fact, the airline has recently unveiled a new turnaround plan with which is it trying to cut the Maharaja's losses and make money for an airline that is struggling to survive.
Union Civil Aviation Minister Praful Patel recently said that the Airline is surely on a path to recovery and there hasn't been any pay cut or any cut so far in the survival plan for the company. Backed by top India Inc honchos like Anand Mahindra, there is certainly a ray of hope for the troubles airline carrier.
While the airline has the highest number of employee per aircraft and has filed a loss of Rs 8000 crore in the last three years, which is likely to shoot up to Rs 13000 crore this year, but the officials are certain that it will make a rebound very soon.