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-07.21.25

Airborne-Unlimited-07.22.25

AirborneUnlimited-07.23.25

Airborne-Unlimited-07.24.25

AirborneUnlimited-07.25.25

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

Airborne 07.21.25: Nighthawk!, Hartzell Expands, Deltahawk 350HP!

Also: New Lakeland Fly-in!, Gleim's DPE, MOSAIC! Nearly three-quarters of a century in the making, EAA is excited about the future… especially with the potential of a MOSAIC>[...]

ANN's Daily Aero-Term (07.27.25): Estimated (EST)

Estimated (EST) -When used in NOTAMs “EST” is a contraction that is used by the issuing authority only when the condition is expected to return to service prior to the >[...]

ANN's Daily Aero-Linx (07.27.25)

Aero Linx: Regional Airline Association (RAA) Regional airlines provide critical links connecting communities throughout North America to the national and international air transpo>[...]

NTSB Final Report: Luce Buttercup

The Airplane Broke Up In Flight And Descended To The Ground. The Debris Path Extended For About 1,435 Ft. Analysis: The pilot, who was the owner and builder of the experimental, am>[...]

Classic Aero-TV: 'That's All Brother'-Restoring a True Piece of Military History

From 2015 (YouTube version): History Comes Alive Thanks to A Magnificent CAF Effort The story of the Douglas C-47 named, “That’s all Brother,” is fascinating from>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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