Air India’s turnaround flight less bumpy in FY14

Jun 08 2014, 04:14 IST
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Air India’s performance in FY14, across a host of parameters, has been better than that in FY13. (AP) Air India’s performance in FY14, across a host of parameters, has been better than that in FY13. (AP)
SummaryAir India’s performance in FY14, across a host of parameters, has been better than that in FY13.

said another senior official of the airline. The TAP also states that the effective fleet size of the airline, ‘for it to maintain a dominant position in the market’ should stand at 108 by March 2015 and 157 by March 2020.

The airline, which would get eight Boeing Dreamliners delivered to it in 2014, expects its fleet size to stand at over 110 by December 2014, subject to the arrival of 14 leased planes.

However, the national carrier is yet to find significant success when it comes to monetising its assets. The airline, which is supposed to generate R5,000 crore over 10 years starting FY13 by selling some of its domestic and international properties, has been finding it increasingly difficult to find buyers, specially for its international properties.

“For our foreign properties we are finding it difficult to find buyers. We are in talks with the Indian embassies, high commissions and public sector banks,” said the airline executive. “We are hoping to find overseas success to monetise our properties in FY15,” he added. The total number of passengers carried by the airline stood at 158 lakh during FY14, across its domestic and international routes, against 141 lakh during FY13. Along with its subsidiary company, Air India Express, the national carrier flew 173 lakh passengers in FY14. The TAP requires the airline to achieve 400 lakh passengers (250 lakh domestic and 150 lakh international) by 2020.

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