• Sunday, May 22, 2022

Business

Troubled Air India draws-up staff redundancy plans

Air India continues to face an uncertain future.

By: Sarwar Alam

Air India is drawing up a proposal to offer voluntary buyouts to just over a third of its 40,000 employees, two government officials said, in what would be one of the largest such offers in India’s state sector, as the airline slashes costs ahead of a 2018 sale. The state-owned airline has also put fleet expansion on hold, scrapping a proposal to lease eight Boeing 787 wide-body aircraft, said one of the officials, a senior Air India employee who requested anonymity as the plans are not public. Air India’s board approved that proposal in April but nothing further had been done. ‘Nothing has been finalised but…

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