Taking aggressive steps to turn around cash-strapped Air India in two years, Government said a major revamp of its top management would be carried out in 30 days and there would be a partial disinvestment of the national carrier in the near future.

You will see in the next 30 days a major change in the top management in Air India. You are going to see a major change in the board. Some heads are going to roll.

"We are going to bring high quality people of great integrity and people with a proven track record in business," Civil Aviation Minister Praful Patel said.

The minister's remarks came amid reports that the national carrier was expecting an estimated loss of about Rs 5,000 crore in the 2008-09 financial year.

Civil aviation ministry sources said at least seven independent directors, who are internationally reputed, would be inducted on the board.

A global advertisement will also be put out for a new chief operating officer for Air India, the sources said. Air India does not have such a post at present.

Apart from revamping the board, Government would go in for ‘partial disinvestment’ of the state-owned carrier in he near future, they said, adding that the plan was to ensure a full turnaround for the carrier in the next 24 months.

Patel had earlier said that the airline could go for issuing Initial Public Offer (IPO) when its financial position as well as the stock market situation is stabilised.