MUMBAI: Air India's revised turnaround plan for its revival is likely to be submitted before the national carrier's board for approval next week, said an Air India official directly in the know of the matter.
The plan, vetted and modified by consultancy firm Deloitte Touche Tohmatsu (India), proposes focus on domestic routes as the best option to regain lost market share. The national carrier's domestic market share slipped to 15.8% in January from 17.1% in December last year. Deloitte, which was hired to vet the plan conceived by the Air India management in October last year, had earlier put forth four scenarios. The consultancy firm had left the choice of the suitable option to the airline's management.
"We did not want the options and the confusion associated with the scenarios presented by Deloitte. So it was best that we got one plan from them. There is 99% agreement on what has been presented to Deloitte by the Air India management after tweaking it," said a top Air India official, not wanting to be identified.
The turnaround plan, which is essentially a five-year business plan, has two parts involving financial turnaround of the airline using equity infusion from the government and operational business plan focusing on fleet size, the routes and ways to gain back the market share, said the Air India official.
For the financial turnaround, it has been accepted that Air India, which currently has a low equity base ( 945 crore), will need to almost double the money from the government that was agreed upon by the committee of secretaries last year. The amount was pegged at 10,000 crore then. Vayalar Ravi, the minister for civil aviation, had hinted recently that Air India needs more than 10,000 crore of equity support from the government.
The government has already pumped in 2,000 crore into the airline and Air India is seeking another 2,000 crore for the next financial year.
"Essentially there is an agreement for 20,000 crore of equity infusion from the government side," the official said. A strong focus on the domestic market to regain market share is what is being seen as the main priority by the airline's brass. For this, fleet expansion is being looked at actively.
Deloitte seems to have agreed that Air India should have 245 aircraft in its fleet by 2017 to capture the market share it has lost to rivals. According to the numbers released by the Indian regulator, despite the fact that airlines carried 4.93 million passengers, a growth of 21% from the same period last year, Air India has slipped to the fourth position. Air India had argued for 272 aircraft by 2015 but this seems to have been watered down by Deloitte.
Best links | Airlines Links | Aviation links | World's Best links |AeroSoft Corp |Best Aviation KPO & Link Exchange | Best in India & Finest in Asia
www.aerosoftcorp.co.in
www.aerosoftcorp.co.in
Welcome To AeroSoft Corp| Best Aviation SEO Services | Jobs for Freshers | Jobs in Asia |Best In India | Finest In Asia | Professional pilot Jobs
www.aerosoftorg.in
www.aerosoftorg.in
Places for tour near Ujjain, Madhya Pradesh, India, Ujjain Travel Guide - Ujjain Tour Guide - Ujjain Destination Guide, Online Ujjain travel guide - Find complete information on Ujjain tour, places to visit, what to eat,
www.tourujjain.in
Tour to Ujjain,Ujjain Tours, Tourist Attractions in Ujjain India, what to buy, where to stay,
www.visitujjain.in
Madhya Pradesh Tours,Tours of Madhya Pradesh,Travel Destinations
www.tourmp.in
Madhya Pradesh travel agents and tour operators,tour operators in India offering madhya pradesh tourism,travelling in madhya pradesh,cultural tours,eco tour
www.mptoursntravels.in
Madhya Pradesh Travel Guide Provides info on places to see in madhya pradesh,
www.visitmp.in
places to visit in madhya pradesh, tourist attraction of madhya pradesh
www.visitmp.com
Shripad Travels | Tours & Travels | Best Tours & Travels Guid At Ujjain | ... Shripad India Tours & Travels company in madhya pradesh
www.shripadtravels.in
Best Tours & Travels Guid At Ujjain in MP in India Tours & Travels | Best Tours & Travels Guid At Ujjain |Shripad India Tours & Travels company in madhya pradesh
www.shripadtravels.com
www.tourujjain.in
Tour to Ujjain,Ujjain Tours, Tourist Attractions in Ujjain India, what to buy, where to stay,
www.visitujjain.in
Madhya Pradesh Tours,Tours of Madhya Pradesh,Travel Destinations
www.tourmp.in
Madhya Pradesh travel agents and tour operators,tour operators in India offering madhya pradesh tourism,travelling in madhya pradesh,cultural tours,eco tour
www.mptoursntravels.in
Madhya Pradesh Travel Guide Provides info on places to see in madhya pradesh,
www.visitmp.in
places to visit in madhya pradesh, tourist attraction of madhya pradesh
www.visitmp.com
Shripad Travels | Tours & Travels | Best Tours & Travels Guid At Ujjain | ... Shripad India Tours & Travels company in madhya pradesh
www.shripadtravels.in
Best Tours & Travels Guid At Ujjain in MP in India Tours & Travels | Best Tours & Travels Guid At Ujjain |Shripad India Tours & Travels company in madhya pradesh
www.shripadtravels.com
World Class Travels Services | Best Tour Guide |
Best Tours & Travels Services | Best Travels Guide |
International Airlines Training Expo 2010
Aviation SEO Best in India & Finest in Asia
Jobs In Airlines | Airport Job | Aviation Industry Career
Best Pilot Training In Philippines BY Group of Indian Pilots
Your Gateway To Air Travel Industry | Best Training | Best Job
India's Best Asia's Finest Pilot Training Portal | Best Training | Best Job
Asia's Best Aviation B2B Market Place Of Pilot Training Academies In Asia
Find Best Aviation Training In Asia | Best Training | Best Job
To Start Your Career In Airlines | Best Training | Best Job
BE A PROFESSIONAL PILOT IN PHILIPPINES | Best Training | Best Job
Best Pilot Training Academy In Philippines
TMT Aviation School | Best Pilot Training school In Philippines
Aviation Acaemy Best In Gondia | Best Training | Best Job
Best Pilot Training | Best Training | Best Job
Careers In Airline Industry | Best Training | Best Job
Best Commercial Pilot Training In Philippines | Asia | Best Training | Best Job
Guidance For Pilot Training & Placement In India | Club For All Aviation Activities
World Class Pilot Career Placement In India | Best Training | Best Job
UK Link Exchange Link exchange World Class CPL PilotTraining in Asia | Best Training | Best Job
NEWS Portals :
http://canadaaviationnews.co.in/
http://philippinesaviationnews.blogspot.com/
http://newzealandaviationnews.blogspot.com/
http://indianaviationcareernews.blogspot.com
http://canadaaviationnews.blogspot.com/
http://careerinaviationincanada.blogspot.com/
http://careeraviationnews.blogspot.com/
http://indianairlinesnews.blogspot.com/
http://bestaviationnews.blogspot.com/
http://mission2canada.blogspot.com/
http://philippinesaviationnews.blogspot.com/
No comments:
Post a Comment