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-04.21.25

Airborne-NextGen-04.22.25

AirborneUnlimited-04.23.25

Airborne-FltTraining-04.24.25

AirborneUnlimited-04.25.25

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

Aero-News: Quote of the Day (04.28.25)

“While legendary World War II aircraft such as the Corsair and P-51 Mustang still were widely flown at the start of the Korean War in 1950, a new age of jets rapidly came to >[...]

ANN's Daily Aero-Term (04.28.25): Decision Altitude (DA)

Decision Altitude (DA) A specified altitude (mean sea level (MSL)) on an instrument approach procedure (ILS, GLS, vertically guided RNAV) at which the pilot must decide whether to >[...]

ANN's Daily Aero-Linx (04.28.25)

Aero Linx: National Aviation Safety Foundation (NASF) The National Aviation Safety Foundation is a support group whose objective is to enhance aviation safety through educational p>[...]

Airborne-Flight Training 04.24.25: GA Refocused, Seminole/Epic, WestJet v TFWP

Also: Cal Poly Aviation Club, $$un Country, Arkansas Aviation Academy, Teamsters Local 2118 In response to two recent general aviation accidents that made national headlines, more >[...]

Aero-News: Quote of the Day (04.29.25)

“The FAA is tasked with ensuring our skies are safe, and they do a great job at it, but there is something about the system that is holding up the medical process. Obviously,>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC