Panel to finalise blueprint for A-I, Indian merger next week

New Delhi: The grand plan to merge Air-India and Indian to create a mega-airline is expected to cross a key milestone next week with a committee of secretaries (CoS) clearing the modalities of the much-discussed wedding on the Indian skies.
The CoS, headed by cabinet secretary BK Chaturvedi discussed the merger plan on Monday and decided to hold another meeting to seek clarifications from the managements of both airlines.
The green signal from the CoS would enable the empowered group of ministers (GoM) to approve the merger and seek formal clearance from the Union Cabinet. The CoS considered a presentation by Accenture — the consultant appointed to assist the merger — on the modalities and sought certain exemptions while indicating its in-principle approval to the grand alliance which will create an airline of size rivalling global leaders like Singapore Airlines or Emirates.
05/12/06 Sunny Verma & G Ganapathy Subramaniam/Economic Times

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