Mumbai: The Air India Unions have requested Air India’s chairman and managing director Arvind Jadhav to put off fleet expansion in order to wrestle the liquidity crunch. They met Mr. Arvind Jadhav a week after the state-run Air India had asked its senior executives to voluntarily forego salaries and productivity-linked incentives in July, due to an ongoing liquidity crisis. Earlier this month, Air India deferred the salary and incentives of the staff for June by 15days.
Air India plans to add 111 planes in the next three years with an investment of Rs 45,000 crore and the carrier has taken delivery of four planes till this month. A senior official of Nacil, which runs Air India, said there is a strong possibility that the airline may slow down its pace on taking possession of new planes in order to solve its credit problem and he added that the final call on this matter will be taken by Mr. Arvind Yadhav.
