Air India unveils revamp plan after privatisation setback [Reuters]
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Source: Reuters
Air India unveils revamp plan after privatisation setback | Reuters 2 Min Read NEW DELHI, June 23 (Reuters) - State-run Air India will revamp its business and first class cabins on international flights to try to boost revenues by wooing more high-paying passengers, a top company official said on Friday, days after a plan to privatise the ailing airline was called off. India shelved on Wednesday a plan to sell a 76 percent stake in the debt-laden carrier due to lack of interest from bidders, a government official said, marking the latest setback for its efforts to rescue the airline. Air India, known for its Maharaja mascot, is saddled with about $7 billion of debt and its sale was expected to cement Prime Minister Narendra Modi’s credentials as a reformer willing to step away from running money-losing businesses. The airline, which now plans to focus on finding ways to remain competitive and win market share, also unveiled a new food menu and amenities for passengers, and uniforms fo
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