Govt approaches Ratan Tata for heading AI

No official confirmation could be obtained on whether Tata has agreed to the government’s proposal.

Air India is working on a plan for the return of leased aircraft at the earliest,sources said. A team has been set up to work on the leased contracts aimed at redelivery of leased planes within a week.

The sources also said Air India will close down its offices at overseas locations where the carrier does not operate.

Heads of strategic units concerning cargo,MRO and other related businesses will also be preparing a cost-cutting plan. Action plans would be drawn up by these officials to determine deliverables in the next 6 months,12 months and 18 months.