The Indian government has said it will help bail out the ailing state-owned carrier, Air India, but said it must restructure and cut costs and asked the National Aviation Company of India Ltd (Nacil) to present a restructuring plan for Air India within 30 days. The restructuring would include infusion of equity, a possible voluntary retirement scheme to reduce the current 31,000 head count, independent directors on the board and a rejig of top management to get the ailing state airline out of … [Read more...] about INDIA: Air India bail out, but with conditions