New Delhi: As government puts Air India on the block, the management has brought in a slew of cost cutting or rationalisation initiatives to strengthen airline’s financial before the sale.
While one initiative of moving to one ticket booking software for domestic flight bookings would save about Rs 519 crore in 2020, the other initiative of putting a bigger aircraft on Delhi-London route and smaller Dreamliner on Delhi-Washington route would add about Rs 100 crore to airline’s bottom line, said senior Air India officials.
The airline also expects to add over Rs 120 crore with the launch of new destinations strengthening network on the existing ones.
“These initiatives are set to add to our balance sheet and we expect our numbers to improve further with launch new flights to London from Mumbai and upgrade of equipment to flights to London from Delhi,” said Vinod Hejmadi, director (finance) at Air India.
Air India has launched new flights to Nairobi, Dubai, Kuwait, Toronto, Standsted and converted the flight to Seoul to direct.
“We have added 9 new flights, 3 additional flights on existing routes and converted one stopover flights to direct. All these new flights have been launched with the same fleet, only by utilising them more and bringing them back from flying from being on-ground,” Hejmadi further said.
16/01/20 Mihir Mishra/Economic Times
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While one initiative of moving to one ticket booking software for domestic flight bookings would save about Rs 519 crore in 2020, the other initiative of putting a bigger aircraft on Delhi-London route and smaller Dreamliner on Delhi-Washington route would add about Rs 100 crore to airline’s bottom line, said senior Air India officials.
The airline also expects to add over Rs 120 crore with the launch of new destinations strengthening network on the existing ones.
“These initiatives are set to add to our balance sheet and we expect our numbers to improve further with launch new flights to London from Mumbai and upgrade of equipment to flights to London from Delhi,” said Vinod Hejmadi, director (finance) at Air India.
Air India has launched new flights to Nairobi, Dubai, Kuwait, Toronto, Standsted and converted the flight to Seoul to direct.
“We have added 9 new flights, 3 additional flights on existing routes and converted one stopover flights to direct. All these new flights have been launched with the same fleet, only by utilising them more and bringing them back from flying from being on-ground,” Hejmadi further said.
16/01/20 Mihir Mishra/Economic Times
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