Aircraft orders face the axe, as Air India continues to bleed

An Air India spokesperson has said, “Air India is in dialogue with Boeing for cancellation of six B-777 aircraft deliveries in 2010-11 and 2011-12, in view of the current global aviation scenario.” [1483 words]

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This report contains the following subheadings:

• Internal instability continues to feed on itself, as senior execs again reshuffled
• Meanwhile, the rescue plan unfolds…
• Will the unions play ball on realistic wage arrangements?
• But the longer-term holds much better prospects – and has the bottom been reached?