Financial Daily from THE HINDU group of publications
Monday, May 31, 2004
Financial Daily from THE HINDU group of publications Monday, May 31, 2004 |
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Logistics
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Airlines A-I budget airline plan to be unveiled today Our Bureau
Mumbai , May 30 THE Union Civil Aviation Minister, Mr Praful Patel, is expected to unveil on Monday Air India's plans to start a new all-economy service. The board of Air India, which met here on Saturday, approved a proposal to start a new service by its wholly-owned subsidiary - Air India Charters Ltd. The new all-economy service will be launched under a new brand name, which will be decided later, an airline source said. The subsidiary airline will have a low-cost structure so that it will be able to offer lower fares. Air India cannot do the same, thanks to its high-cost structure, he said. The new service with lower fares will be launched on high-density routes. Three cities in Kerala — Thiruvanthapuram, Kochi and Kozhikode - will be linked to Gulf countries through this service. Besides, the service will operate on India-Far East routes.
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