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Examples
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Air India Chairman Arvind Jadhav gave a presentation to its 20 lenders--including State Bank of India and Syndicate Bank Ltd. The restructuring will include replacing short-term loans with long term ones and reduce interest rates, the airline said, without elaborating.
Air India Meets Lenders to Restructure Debt Anirban Chowdhury of Dow Jones Newswires 2011
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MUMBAI – A panel of ministers set up to look into the turnaround of loss-making national carrier Air India Ltd. will meet Wednesday to discuss its new business plan, the airline's chairman Arvind Jadhav said Tuesday.
Panel to Discuss Air India Turnaround Plan Wednesday Anirban Chowdhury 2011
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With the 787, we will have horses for courses', says Jadhav.
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CMD Jadhav, the man who had pushed for new blood in the system says Baldauf and others brought into the airline last year had been unable to understand the complexity.
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On his part, CMD Jadhav has gone on an overdrive to fix the business model.
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Jadhav must be relieved that the minister is taking care of union sensibilities.
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If Ravi's human touch succeeds, Jadhav's business excellence can put a unified Air India back in the game again.
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It was a reasonable question to ask if Air India was slipping out of the control of the business-side guys such as Chairman and Managing Director Arvind Jadhav.
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There is, however, one problem that Jadhav has yet to get a full grip on--the huge debts that need restructuring.
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Outlining plans to expand Air India's area of influence, Jadhav says the next step is to use the network to draw in passengers who currently fly over India, on other airlines.
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