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Air India-Indian merger hits a roadblock!
Wednesday, July 25, 2007 www.rediff.com
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M & A
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The proposed merger between Indian (Airlines) and Air India, which was due to take place in August, has hit a standstill as the major IA unions are opposing it on the grounds that the government has been unable to resolve key issues, such as lack of parity in career progression and salary with AI employees and arrears of over Rs 800 crore (Rs 8 billion) from 1997.
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Air-India-Indian
Proposed-Merger
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