The company has stated that these are for fleet expansion.
He believes the airline should focus on shareholder returns and slow down its fleet expansion.
Air-India is to buy more aircraft by 1990, pushing the cost of its fleet expansion to nearly $1.4 billion.
This fleet expansion also saw the number of passengers carried in 1961 skyrocketing to 21,800,000.
But Norway was extremely poor and both the fleet expansion and the building of the new base was delayed.
The act was passed under the government of Lord Salisbury and facilitated spending £21,500,000 over five years toward fleet expansion.
This was due to naval fleet expansion because of the Korean War.
Both airlines had different fleet expansion and retirement plans.
Further fleet expansion and new subsidiary carrier (2013-present)
Plans include fleet expansion - to approximately 200,000 freight wagons - and aggressive pricing to increase market share.