Air-India, Air-India Express see revenues grow from Oman sector

Dubai: National carrier Air-India and its low cost subsidiary Air-India Express recorded revenue growth in operations of 45 per cent and 38 per cent, respectively, out of Oman in 2007-08.
National Aviation Corporation of India Ltd (NACIL) executive director for Middle East and Africa F.D. Warden said Air-India Express's revenues grew from 2.8 million Omani riyals ($7.3 million) in 2006-07 to RO3.9 million ($10.1 million) in 2007-08.
Air-India itself saw its revenues from its Oman operations grow from RO11 million ($28.6 million) in 2006-07 to RO16 million ($41.6 million) in 2007-08.
This proves that there is space for both a legacy carrier and a low cost carrier to co-exist and do equally well, the Oman Tribune quoted Warden as saying at a function in Muscat.
Air-India itself saw its revenues from its Oman operations grow from RO11 million ($28.6 million) in 2006-07 to RO16 million ($41.6 million) in 2007-08.
This proves that there is space for both a legacy carrier and a low cost carrier to co-exist and do equally well, the Oman Tribune quoted Warden as saying at a function in Muscat.
The airline flies between Muscat and the Indian cities of Kochi, Kozhikode, Thiruvananthapuram and Mangalore.
06/08/08 IANS/Economic Times

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Categories: Air India - International Aug 2008, air india budget Aug 2008, Foreign Aug 2008, NACIL Dec 2007