Air India merger gets go-ahead

The mega-merger of state-run carriers Air India and Indian
has received the final government approval with the Union Cabinet giving
a go ahead to the proposal of the Group of Ministers. The merger would turn the new entity into a large airline, with a
combined fleet of about 120 aircraft and a staff strength of 30,000,
capable of taking global competition head-on. The public sector
character of the merged airline would continue.