Ashwani Lohani

Move could a boost for the company, as it was in the process of expanding in Railways sector by showing interest in private train project, station redevelopment and dedicated freight corridors

Bansal has served as CMD of Air India for around a year in 2017 before going back to the oil & gas ministry

The airline is sitting over Rs 23,000 crore of debt, after the larger portion of the total debt of close to Rs 60,000 crore was transferred to a newly-created holding company to facilitate the sale pr

Air India would continue to fly and also expand and there should be no cause for concern whatsoever to travellers, corporates or agents, Air India chief said

Railways to hive off all production units and workshops into new govt-owned company; may invite bids from private players to run passenger trains in next 15 days, with ownership vesting with govt

Secretaries to the civil aviation, agriculture, and transport ministries made presentations at the meeting

Air India is seeking government approval to raise a Rs 2,000-crore loan and refinance $819-million aircraft debt, which would help tide over the financial crisis

Air India is losing Rs 150-200 crore each month despite 10 per cent year-on-year increase in revenue

He said it is natural that many employees would be concerned about the future in light of the disinvestment scenario as any change in ownership brings about changes in the work culture and environment

Air India plans to use these aircraft on the new routes where it will start flying soon

This will be Lohani's second tenure as Air India chief. His appointment was approved by the Appointments Committee of the Cabinet on Wednesday

No bouquets, gifts, lavish celebrations or excessive protocol for the newly-appointed Chairman Railway Board Ashwani Lohani but "safety" would be the focus area for his office especially after back-to-back accidents in less than a month.Lohani said in a letter dated August 28, before today morning's derailment of Nagpur-Mumbai Duronto, to employees that Indian Railways had suffered a "serious dent" in the recent past."I personally believe in avoiding any frills in the form of bouquets, gifts, lavish celebrations, excessive protocol etc. These divert our attention from our primary responsibilities, hard core work and severely damage the organization also. Our focus needs to be on deliverance and deliverance alone," he said."At this critical juncture when we are facing a serious issue with the image perception of the railways, I expect all my fellow Railway men to pitch in wholeheartedly to set this perception right," Lohani said.Even on his first day in office - August 24 - the former .

His appointment as Railway Board chairman comes at a time, when Railways is going through tough time

Lohani was appointed Railways Board Chairman soon after A.K. Mittal stepped down from the post

The state-owned airline has total liabilities of about Rs 60,000 crore