Gov't Official Tells Air India To Tighten Belt | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-Unlimited-04.23.24

 Airborne-Unlimited-04.24.24 Airborne-FltTraining-04.25.24

Airborne-Unlimited-04.26.24

Thu, Sep 01, 2011

Gov't Official Tells Air India To Tighten Belt

Aviation Minister Calls For Cuts, End To Unprofitable Routes

India's federal Civil Aviation Minister, Vayalar Ravi, called Friday on Air India, which is operated by the national government, to stop flying unprofitable routes and improve its cash flow. The company has lost money since 2007, when it acquired the former Indian Airlines. Ravi blames that in part on a lack of success in realizing synergies, and additional losses caused by a nine-day pilots' strike in May which canceled 40 percent of the airline's flights.

Dow Jones reported comments made by Ravi to reporters Friday. "The 2 billion rupees loss due to the pilots' strike has set back Air India further. It has to recover that money and Air India can do that by increasing cash-flow."

Even before strike-related losses, Air India has been losing six billion rupees per month, or about USD $130 million. It is more than 220 billion rupees in debt, or $4.7 billion, and expects to take delivery of seven new Boeing 787 Dreamliners in the next few months.

FMI: www.airindia.in

Advertisement

More News

ANN's Daily Aero-Term (04.28.24): Airport Marking Aids

Airport Marking Aids Markings used on runway and taxiway surfaces to identify a specific runway, a runway threshold, a centerline, a hold line, etc. A runway should be marked in ac>[...]

Aero-News: Quote of the Day (04.28.24)

"It is extremely difficult, if not impossible, for manned aircraft to see a drone while conducting crop-enhancing and other aerial applications at low altitudes and high speeds. We>[...]

ANN's Daily Aero-Linx (04.28.24)

Aero Linx: The Skyhawk Association The Skyhawk Association is a non-profit organization founded by former Skyhawk Pilots which is open to anyone with an affinity for the A-4 Skyhaw>[...]

Aero-News: Quote of the Day (04.29.24)

“The T-54A benefits from an active Beechcraft King Air assembly line in Wichita, Kansas, where all required METS avionics and interior modifications are installed on the line>[...]

ANN's Daily Aero-Linx (04.29.24)

Aero Linx: Aerostar Owners Association The Association offers the Aerostar Owner a unique opportunity to tap an invaluable source of information concerning the care and feeding of >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne Affordable Flyers 05.02.24: Bobby Bailey, SPRG Report Cards, Skydive!

Airborne 05.01.24: WACO Kitchen, FAA Reauthorization, World Skydiving Day

Airborne-NextGen 04.30.24: Skydweller Flies, Cassio 330, UAV Design Competition

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC