Air India will be profitable soon, says aviation minister

Bangalore: Union civil aviation minister Ajit Singh said that the government's recently approved Rs 30,000 crore turnaround plan for the ailing state run airline, Air India, would make the airline profitable in the next few years.
"The Cabinet has given a mandate to make Air India viable and we are working on that," said the minister. Elaborating on the approved turnaround plan, the minister said, "We had set up a committee to look at routes that were profitable and those that were not. Now, we have set up a task force to look at the unprofitable routes and see how to make them profitable."
A decision has also been taken to monetize Air India's land assets. "At the company's Nariman Point headquarters we are trying to rent out some floors," he said.
17/07/12 Anshul Dhamija/Times of India

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Categories: Air India Jul 2012