Post-merger,AI, Indian to fly in formation

The mega airline to be formed by merging Air India and Indian will adopt a decentralised business model with various departments of the carrier functioning as independent units with their own chief executive officers (CEOs).

Half-a-dozen such units would be carved out to handle various functions like engineering, cargo, ground handling, apart from the primary activities of providing full-service and low-cost flights. The civil aviation ministry has urged the finance ministry to provide stamp duty waiver for the merger and permit carryover of unabsorbed depreciation to be set off against future profits of the merged entity.

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