With Air India announcing plans to become operationally profitable in four years, nearly 20 of its lenders today expressed support to it indicating that they were willing to consider recasting its entire Rs 40,000 crore debt.

At a three hour-long meeting here, the airline management made a detailed presentation on the plan saying it has set a target of enhancing revenues by Rs 5,000 crore and slash costs by Rs 4,000 crore per annum.

Air India CMD Arvind Jadhav shared with top executives of banks details of the turnaround plan and the financial re- structuring plan which aims to make the cash-strapped carrier operationally profitable by 2015, senior officials said.

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