The Indian Prime Minister Manmohan Singh has prepared a blueprint for the revival of cash-strapped Air-India. He has also set a 30-day deadline to prepare a business plan.

In the last financial year, Air India had incurred a loss of Rs 4,000 crores.

Manmohan Singh has appointed a three-member panel headed by a Cabinet Secretary, who is said to monitor the company’s turnaround.

The other two members include the Civil Aviation Secretary and Finance Secretary. The revival plan is said to include the restructuring, rationalization of man power, cost cutting strategies and even lay-offs.

Air-India is likely to request Rs 10, 000 crores as a bailout package.

It is to be noted that the Air-India’s employees will get their June month salaries only on July 3.