Praful Patel, who took over as Cabinet Minister for Heavy Industries and Public Enterprises, said Air India, under his previous charge, should not be declared sick as restoring financial health to national carrier is "completely doable".
Consultancy firm Deloite and SBI Caps are working on Air India's revamp plan. "I have seen the document prepared by Deloite and SBI Caps and the long term plans for AI. It is completely doable and certainly there is no issue of AI not doing well in the future," Patel said. Air India required for a long time fresh equity and the decision on the same came "a little too late" he added.
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