High-level panel set up on Indian, Air India merger

Mumbai : Air-India (A-I) has appointed a high-level committee to look into the proposed merger of the country's international carrier and Indian Airlines (IA).
The committee was appointed at the A-I board meeting on Thursday in Mumbai. The members on the committee are A-I chairman and managing director V Thulasidas, his IA counterpart V Trivedi, additional secretary and financial advisor, ministry of civil aviation, P K Mishra, joint secretary, ministry of civil aviation R K Singh, ICICI Bank chairman emeritus N Vaghul, A-I director of finance S Punhani and IA director of finance M S Balakrishnan.
According to sources in Air-India, three working groups at various levels will also be formed in due course of time for the mega merger. The board meeting also decided to send a proposal to the Central government to appoint a consultant for the exercise.
The proposal will be sent in the next couple of days and once it gets the requisite clearance, A-I would call for expression of interest from various consultant firms. The consultant would then work out the roadmap for the operational merger between the two state-run carriers.
06/05/06 Neelasri Barman/Financial Express

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