One-and- a-half years into the job of turning around the national carrier, Air India's Chairman and Managing Director Ashwani Lohani says they would like to become more aggressive in business within the limitations of being a government-run company going forward. In an interview with B Dasarath Reddy, he said the company was focusing on the consolidation as well as the expansion while trying to find solutions to the legacy issues. Excerpts of the interview:
Have things changed in the last one and half years?
It is all about improving the organisation's culture. That is the most important thing. But culture can't be changed overnight. It takes time or years to change the organisational culture. But we are moving in the right direction. The staff is definitely on board in this endeavour. The manifestation of staff grievances has been reduced and staff has some faith in the management now. They believe my words.
How will be the financial performance of Air India in this year?
We are going through the difficult times on two counts; old merger-related issues still haunt the company and the old debt which is still there. We are in the process of finding solutions to these issues. But we have decided to consolidate as well as expand our business. Consolidation basically means running more flights with the same aircraft and the expansion would involve buying more plans. We are moving in both the directions. We have to improve our market share as well as revenues. We had posted operating profit last year and this year hopefully we should have an operating profit though the difference between the operating and the net profit would be very heavy.
02/02/17 Dasarath Reddy/Business Standard
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Have things changed in the last one and half years?
It is all about improving the organisation's culture. That is the most important thing. But culture can't be changed overnight. It takes time or years to change the organisational culture. But we are moving in the right direction. The staff is definitely on board in this endeavour. The manifestation of staff grievances has been reduced and staff has some faith in the management now. They believe my words.
How will be the financial performance of Air India in this year?
We are going through the difficult times on two counts; old merger-related issues still haunt the company and the old debt which is still there. We are in the process of finding solutions to these issues. But we have decided to consolidate as well as expand our business. Consolidation basically means running more flights with the same aircraft and the expansion would involve buying more plans. We are moving in both the directions. We have to improve our market share as well as revenues. We had posted operating profit last year and this year hopefully we should have an operating profit though the difference between the operating and the net profit would be very heavy.
02/02/17 Dasarath Reddy/Business Standard
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