By IANS,
New Delhi : Air India’s low cost carrier Air India Express will launch its domestic operations with 27 flights a day mid-September and increase it to 75 later, a top company official said here Friday.
“This will improve our bottomline. We expect to benefit Rs.180-200 crore,” said Air India chairman and managing director Arvind Jadhav at a media briefing.
The low cost services will be started with 10 aircraft.
The loss-making Air India has also committed before a committee of secretaries, which is looking into its financial health, that it would achieve a turnaround within 24-36 months.
“NACIL (National Aviation Co of India Ltd that owns the carrier) will have to change the way it does its business and we will do it. Our top priority is execution and accountability,” Jadhav said while outlining releasing the revival roadmap of the carrier for the next 36 months.
Among other plans, Jadhav said Air India would also take the primary market route in 2011-12.
Refuting reports that Air India was looking for a bailout package from the government, he said: “We have a Rs.60,000-crore debt. We have only asked for an opinion from the government, which is also our stakeholder.”