Air India soars on topline

New Delhi: The provisional financials for Air India are now available. India’s national carrier has done exceedingly well in terms of topline, registering aggressive growth.
Air India closed the last financial year with Rs 8,984 crore revenues, including Rs 452 crore accruing from Air India Express operations. CMD V. Thulasidas told HT, “This is a significant jump over the last financial year when we managed revenues of Rs 7,676 crore. Of course, there was no Air India Express then.”
Now that the decks are being cleared for the merger of the two national carriers, Thulasidas is of the opinion that the IPO of the combined entity would be one of the biggest in recent times.
Air India expects good growth in this financial year as well, even as pressure on its margins remains. With the induction of as many as 12 new aircraft over the next 12 months. Thulasidas said, “Between November- March, as many as six new Boeing 737-800s will join the fleet. All of them will be deployed by Air India Express. Then over February, March and April, 2007, three 777-200 LR will join the Air India fleet. Finally by July, 2007, another three 777-300 ER will join the fleet. We are planning major expansion for Air India Express using the new aircraft out of Chennai to KL and Singapore, out of Kolkata to Bangkok and Singapore, Trichy to Dubai and Amritsar and Mangalore to Dubai.”
12/05/06 Hindustan Times

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