New Delhi: Loss-making Air India has shifted its offices in Washington, Los Angeles and Amsterdam to less expensive premises, saving thousands of dollars every month in rentals.
The national carrier has embarked on restructuring of overseas offices as part to its overall cost-cutting measures. Faced with intense competition from private airlines and high operational cost, Air India has been grappling with huge losses for the past few years.
The airline's decision to shift its Washington office from January this year has brought down its monthly rental expense by more than $2,500.
The monthly rent shelled out by the carrier for its present premises at Washington is $2,495 whereas the expense was more than $5,000 at the previous location, according to official data.
"The (Washington) office has been shifted to new premises with effect from January 1, 2015. The current rent of the premises is $2,495. Air India earlier had office premises with a monthly rent of $4,542 plus $500 for parking space.
08/03/15 PTI/Economic Times
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The national carrier has embarked on restructuring of overseas offices as part to its overall cost-cutting measures. Faced with intense competition from private airlines and high operational cost, Air India has been grappling with huge losses for the past few years.
The airline's decision to shift its Washington office from January this year has brought down its monthly rental expense by more than $2,500.
The monthly rent shelled out by the carrier for its present premises at Washington is $2,495 whereas the expense was more than $5,000 at the previous location, according to official data.
"The (Washington) office has been shifted to new premises with effect from January 1, 2015. The current rent of the premises is $2,495. Air India earlier had office premises with a monthly rent of $4,542 plus $500 for parking space.
08/03/15 PTI/Economic Times
