Aviation

Govt to form panel on Air India’s future

DELHI

The government will form a committee within the next fortnight comprising bankers, aviation experts and technocrats to help turn around and look at privatizing money-losing national airline Air India, two government officials aware of the matter said on Thursday.

Deepak Parekh, chairman of India’s oldest mortgage lender; E. Sreedharan, former chairman of Delhi Metro Rail Corp.; M. Damodaran, former head of the Securities and Exchange Board of India (Sebi), and other people of similar stature are being considered for appointment to the panel, said the two officials, reports Mint.

Air India has sent a list of half-a-dozen people to the civil aviation ministry who it said can be part of the committee. These names include former bureaucrat Naresh Chandra and former Reserve Bank of India (RBI) governor Y.V. Reddy.

The committee will be required to submit a report within three months of being constituted.

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