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Air India is 'left with no money': Chairman and MD

30-Jun-2011 11:34 AM

Air India Chairman and MD Arvind Jadhav told employees that the carrier will again find it difficult to pay the carrier's salaries as the "airline is left with no money" (Economic Times, 30-Jun-2011). He stated the government is reluctant to provide additional funding and a restructuring of the carrier's debt was taking longer than expected. "The management has always shared the ground realities with all its employees. There is no doubt about Air India being in financial difficulty. The CMD apprised the employees of this difficulty and sought their support to unitedly work for the success of the TAP and for coming out of the present situation. All stake-holders - including employees - have to contribute to this herculean task of making Air India profitable," the carrier said.