Wednesday, June 07, 2006

Air India plans to grow low-cost unit

Paris: Air India is standing behind its growth plans for low-cost unit Air India Express after the subsidiary recorded a profit in its first year of operation.
Chairman and managing director of Air India, V Thulasidas, said at IATA’s annual general meeting in Paris that the no-frills international carrier has been a success to date and it will continue growing.
“We have had loads over 90% in Air India Express and in the very first year it has given us a small profit,” says Thulasidas.
Air India Express launched services in April last year between points in India and destinations in the Middle East.
06/06/06 Nicholas Ionides/Airline Business/Flight International
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