Air-India, Indian merger only by mid-2007

Thiruvananthapuram: The proposed merger of Air-India and Indian, formerly Indian Airlines, to face domestic and international competition in the skies, will overshoot the April deadline and is likely to be completed by mid-2007.
A committee of secretaries appointed by the Group of Ministers (GoM) to go into the proposal has favoured the merger of the two Government-owned airlines. "Although the GoM has also cleared the merger, the Union Government is yet to give the green signal," Chairman and Managing Director of Air-India V. Thulasidas told The Hindu here recently.
He said even if the mandatory clearance for the merger from the Cabinet came in the first week of February, it would need a minimum 16 weeks to complete the formalities. Accenture, the consultant that prepared the road map for the merger, had fixed that many weeks for completing the legal merger process after obtaining the Cabinet nod.
31/01/07 S. Anil Radhakrishnan/The Hindu

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