The Air India Chairman and Managing Director, Mr Arvind Jadhav, has asked the airline’s 31,500 employees to rise to the challenge that the current financial crisis poses.
“We should consider ourselves fortunate that we have been insulated from the adverse impact of the economic meltdown so far,” he said in a letter issued on Saturday.
Admitting that the airline has approached the Government, as the owner of the airline, for infusion of funds by way of equity and soft loans, Mr Jadhav hoped the Government would “extend a helping hand soon”.
However, he also cautioned that financial help from the Government could come with strings attached. “We also need to be conscious of the impact that disinvestment/privatisation can have on our lives, should this materialise,” the letter added.