Air India promises turnaround within 36 months

New delhi, Aug 7: Cash-strapped national carrier, Air India on Friday, Aug 7 came out with a new turnaround plan that would improve ailing airline within 36 months, Chief Managing Director (CMD) Arvind Jhadav said.

Jadhav also said, "Air India would launch low cost domestic services in 9 months and would increase the accountability of its staff." He also said that the company would require capital infusion. Jadhav added that Air India would also take the primary market route in 2011-12.

"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.

"This will improve our bottomline. We expect to benefit Rs.180-200 crore," said Jadhav. The low cost services will be started with 10 aircraft.

OneIndia News