Giving details about its turnaround plan which includes removing excess employees and route rationalisation, Air India has said that it would be opening up its maintenance and training facilities to other airlines in the near future to raise resources.

The committee, consisting of members of parliament, had meetings with the entire top brass of the airline to take stock of the situation. According to management sources, the airline could survive only if the ministry's intervention on a day to day basis is reduced.

The airline told the committee members that it has already notched up a loss of Rs 80 crore in the first quarter of the current fiscal and expecting a whopping loss of over Rs 300 crore for the entire fiscal 1999. Besides, the members were told about the fund raising plans of the airline.The airline is expecting massive inflow of funds by selling off its hotel subsidiary, Hotel Corporation of India (HCI). The airline is burdened with Rs 1100 crore of debts and plans to float Rs 100 crore debt issue.

As a first step, the airline would be hiring consultants for the sell off within the next few weeks. The disinvestment is likely to be on the basis of selling off individual properties instead of selling the entire company as a single entity. The HCI has properties in Mumbai and New Delhi properties and in Srinagar.