AI Express expects to break-even by FY13

Mumbai: The Kochi-headquartered Air India Express, the no-frills international arm of the ailing national carrier Air India, is hopeful to break-even by the next fiscal, a top company official has said.
"We are already in cash-profit and expect to achieve break-even by the turn of the 2013 fiscal. We are hopeful of this, as we expect to reap the full benefit of the soon-to-be commissioned hangar at Thiruvananthapuram by then," one of the senior-most officials of Air India Express (AIE), who requested anonymity, told PTI over phone from Kochi.
The AIE moved its headquarters to Kochi in December 2010 from Mumbai for better operational efficiency and coordination and the airline got a new headquarter building in February this year.
24/07/11 Economic Times

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Categories: Air India Budget Jul 2011