New Delhi: In an attempt to revive Air India, four of the five independent directors on the airline’s board have started monitoring financial performance of the national carrier across routes on a regular basis.
“The independent directors have asked the airline to prepare a list of all routes along with their profit or loss and load factors to ascertain the reasons behind their losses. All these will be discussed in the next board meeting of the airline,” said a senior Air India official, adding that the deliberations in the last two board meeting focussed on cutting losses and saving costs.
Prem Vrat, founder director of IIT, Roorkee; RH Dholakia, professor at IIM Ahmedabad; Gurcharan Das, ex-CEO & MD of Procter & Gamble India and Renuka Ramnath, ex-CEO, ICICI Venture are discussing issues like accountability, financials, cost cutting and resource utilisation, said the official.
13/05/14 Mihir Mishra/Indian Express
To Read the News in full at Source, Click the Headline
“The independent directors have asked the airline to prepare a list of all routes along with their profit or loss and load factors to ascertain the reasons behind their losses. All these will be discussed in the next board meeting of the airline,” said a senior Air India official, adding that the deliberations in the last two board meeting focussed on cutting losses and saving costs.
Prem Vrat, founder director of IIT, Roorkee; RH Dholakia, professor at IIM Ahmedabad; Gurcharan Das, ex-CEO & MD of Procter & Gamble India and Renuka Ramnath, ex-CEO, ICICI Venture are discussing issues like accountability, financials, cost cutting and resource utilisation, said the official.
13/05/14 Mihir Mishra/Indian Express
