National carrier Air India (AI) is hoping to post its first operating profit in 2015-16 since the merger of AI and erstwhile Indian Airlines in 2007.
Officials said a combination of factors including falling oil prices, better financial management and the improved performance of the Boeing 787 could lead to better results.
AI, which has accumulated losses of over Rs 35,000 crore and a debt of over Rs 45,000 crore, is surviving on a '30,231 crore bailout funded by the taxpayer.
The government recently appointed turnaround specialist Ashwani Lohani as the new chairman and managing director (CMD) to lead AI out of the mess it is in.
23/10/15 Tushar Srivastava/Mcclatchy/AviationPros
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Officials said a combination of factors including falling oil prices, better financial management and the improved performance of the Boeing 787 could lead to better results.
AI, which has accumulated losses of over Rs 35,000 crore and a debt of over Rs 45,000 crore, is surviving on a '30,231 crore bailout funded by the taxpayer.
The government recently appointed turnaround specialist Ashwani Lohani as the new chairman and managing director (CMD) to lead AI out of the mess it is in.
23/10/15 Tushar Srivastava/Mcclatchy/AviationPros
