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.
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