Air India – IPO
Air India would take up IPO (initial public offering) and additional fund raising after 18 months. The CEO of Air India is planning for that, he wants to shareholders’ backing for restructuring and high-cost debt to be replaced by low-cost debt.”
Air India is targeting a turnaround within the next 36 months, its CEO Arvind Jadhav said. Jadhav added that he saw current market pressures continue for two-three years and that the high ATF prices and low passenger load were a concern. Air India had never asked the government for a bailout, he said, and pointed out that company had 32,000 employees on its roll. “We need to improve corporate governance, transparency. The focus in on cost cutting, revenue generation,” Jadhav said, adding that execution of plans was the carrier’s top priority.
So the Maharaja is coming your way to take help, be readdy for that in near future.
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