New Delhi: Air India's 'careful' approach to monetize real estate has meant that the airline has managed to raise Rs 40 crore so far this fiscal - as against the target of Rs 500 crore for the current financial year. The airline may fall short of Rs 300 crore from that target this fiscal as the realty sales may notch a maximum of Rs 200 crore.
The airline, which has faced a shortfall of Rs 3,574 crore in the promised government equity infusion, is now aiming to maximize ancillary revenue by allowing advertising inside and outside the aircraft and by renting part of its office space to ATMs and coffee shops. It is also going to cut down costs further by making its fuel guzzling Boeing-777 long range aircraft redundant after deploying the thriftier B-787 Dreamliners on their routes in next two months.
26/12/13 Saurabh Sinha/Times of India
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The airline, which has faced a shortfall of Rs 3,574 crore in the promised government equity infusion, is now aiming to maximize ancillary revenue by allowing advertising inside and outside the aircraft and by renting part of its office space to ATMs and coffee shops. It is also going to cut down costs further by making its fuel guzzling Boeing-777 long range aircraft redundant after deploying the thriftier B-787 Dreamliners on their routes in next two months.
26/12/13 Saurabh Sinha/Times of India
