Air India Chairman & MD Arvind Jadhav sacked
New Delhi: Air India Chairman and MD Arvind Jadhav was sacked on Friday. IAS Officer Rohit Nandan on Friday replaced Jadhav as the Chairman and MD of the premier airline. A recent RTI query had revealed that Arvind Jadhav had been rejected for the position a year ago as he did not have any experience in aviation.
Air India carries an accumulated loss of Rs 18,000 crore, debt of Rs 40,000 crore and working capital loan of Rs 21,000 crore.
Jadhav has been under fire for mishandling of the pilots strike which led to a loss of several crores to Air India. The morale in the airline is very low as most of the employees are unhappy because their salaries have been delayed by over three months.
Opposition to discuss Air India financial crisis in Parliament
The Lok Sabha will discuss a Calling Attention Motion on Air India and its financial problems on Friday. The Opposition has planned to attack the government calling Air India a big loot after some of the CAG findings.
The handover in Air India has taken place after the Civil Aviation Minister met the Prime Minister earlier this week, who gave the go ahead.
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