Air India to restructure its fleet and network: fleet to be slashed by 25%
Air India, which expects to receive its first infusion of INR20 billion (USD430 million) from the Indian Government ahead of 31-Mar-2010, is entering the initial stages of its challenging restructure, targeted at the rationalisation of its fleet and route network to reduce its cost base and provide the carrier a more stable footing. As the carrier’s restructuring programme takes shape, these efforts are to be sustained and doubled by 2010 to turnaround the carrier financially. [1875 words]
Unlock the following content in this report:
- To reduce annual losses from USD1.1 billion to USD282-390 million within 18 months
- Low cost Air India Express to operate up to 30% of capacity
- Will three new subsidiaries help turnaround operating loss margins above 20%?
- A rare case for IATA to support state funding for Air India
- Air India’s challenge to integrate and join Star by Dec-2010
- Tough challenges ahead
Graphs and data:
- Air India operating profit/loss (INR millions): FY1997/98 to FY2008/09
- Indian domestic market share: Nov-2009
- Air India domestic passenger numbers and passenger numbers growth: Nov-2008 to Nov-2009
- Air India operating profit margin: 1997-98 to 2007-08
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers
CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.