Air India has indicated that the Cabinet Committee on Economic Affairs (CCEA) is expected to issue the rationalisation of its pay bill in its meeting this week as well as agree the proposed equity infusion of Rs 1,200 crore.
Air India was asked to cut its annual wage bill of Rs 3,200 crore in order for the CCEA to agree the second tranche of equity infusion of Rs 1,200 crore. The airline is already considering how best to approach this.
The CCEA may also clear the formation of strategic business units (SBUs) in engineering and maintenance, repair and overhaul.