Mumbai: Air India’s performance in FY14, across a host of parameters, has been better than that in FY13. This is important in the context of the several goals the national carrier needs to achieve as per the turnaround plan (TAP) that allows the airline to seek cash infusion from the government. The airline’s domestic load factor rose to 75.8% up from 73.7% in FY13 while the international load factor increased to 73% from 71.8%. The airline also managed a high yield per kilometer, and a substantial increase in the number of passengers carried. The flag carrier also registered a yield (per km) of R6.08 on its international routes and R3.60 on domestic routes.
The target On Time Performance (OTP) of the airline stood at about 90% from all metros, which was close to the TAP target of 93% which is to be achieved by 2020.
In 2012, civil aviation minister Ajit Singh, sanctioned a plan for the debt-ridden airline — whose total debt is over R44,000 crore – that envisaged a massive fund infusion of R30,000 crore in installments by 2020. The funds were sanctioned on the condition that the airline achieve higher operational efficiency and was able to restructure debt during the period.
Read News in full 08/06/14 Rhik Kundu/Financial Express
The target On Time Performance (OTP) of the airline stood at about 90% from all metros, which was close to the TAP target of 93% which is to be achieved by 2020.
In 2012, civil aviation minister Ajit Singh, sanctioned a plan for the debt-ridden airline — whose total debt is over R44,000 crore – that envisaged a massive fund infusion of R30,000 crore in installments by 2020. The funds were sanctioned on the condition that the airline achieve higher operational efficiency and was able to restructure debt during the period.
Read News in full 08/06/14 Rhik Kundu/Financial Express
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