SBI Caps prepares roadmap for Air India restructuring

New Delhi: As a high-level committee headed by the cabinet secretary prepares to review Air India's overall performance, SBI Caps is readying a roadmap to restructure and strengthen the national carrier which is suffering an estimated monthly loss of about Rs 250 crore.
SBI Caps, which was appointed recently to prepare short, medium and long term growth plans for the carrier, has studied the company's financials and estimated that it would take two years to break even if the current load factors and revenues remain the same, sources in the know said. While the annual average revenue stands at about Rs 16,000 crore, the passenger load factor of Air India ranges between 60-65 per cent.
22/07/09 Press Trust of India

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Categories: NACIL Jul 2009