Financial Daily from THE HINDU group of publications
Friday, May 19, 2006
Financial Daily from THE HINDU group of publications Friday, May 19, 2006 |
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Airlines Corporate - Outlook Industry & Economy - PSU IA hopeful of over Rs 100-cr net profit Our Bureau
New Delhi , May 18 Indian Airlines has projected a net profit of more than Rs 100 crore in 2006-07, according to the Chairman and Managing Director, Mr Vishwapati Trivedi. "Not only has there been a steady improvement in the number of passengers, we have also introduced a number of cost-cutting measures. "Therefore, despite the fuel bill increasing by more than Rs 350 crore in the recent past, the airline should be in a position to report a net profit of more than Rs 100 crore," he said.
New Programmes
Currently, the airline is actively working on a number of new programmes, including leasing some wide body aircraft, inducting more expatriate pilots to operate the 50-seater ATR aircraft, and installing audio and video television systems in the aircraft. IA plans to dry-lease 6-8 wide body aircraft that it hopes to induct into its fleet by February next year. The airline is likely to utilise these aircraft to operate flights to more international destinations, and may also explore the option of operating on some key domestic routes.
ATR pilots
Besides, the induction of more expatriate ATR pilots should help the airline offer more flights in the North-East and other parts of the country where the airline's smaller aircraft operate. IA is examining the possibility of installing the Doordarshan DTH system on a trial basis on one of its aircraft shortly so as to offer audio and video programmes during flights. However, the system will be available in all the seats of the 43 Airbus aircraft that the airline is purchasing, officials said.
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