Trivedi to co-pilot Thulasidas in merged IA, AI

New Delhi, May 28 | Updated: May 29 2007, 05:45am hrs
V Thulasidas will be the chairman and managing director of National Aviation Company Ltd (NACL), the entity to arise out of the merger of Air India and Indian Airlines. He is now the CMD of Air India.

Vishwapati Trivedi, CMD, Indian Airlines, will be the joint managing director of the new entity. This was approved by Prime Minister Manmohan Singh on Monday, sources said.

According to the sources, while Thulasidas will supervise the merger and the international operations, Trivedi will look after the domestic business.

A section of the government preferred a single post of CMD for NACL. But the department of personnel felt the post could be bifurcated. The government, however, seems to have taken the middle path.

Indian Airlines and Air India have suffered operational losses of Rs 500 crore and Rs 300 crore, respectively, in 2006-07. The carriers are using income from the sale and lease-back of aircraft to offset these losses.