PMO unimpressed with Air India's improved financial performance, sets new targets - News Summed Up

PMO unimpressed with Air India's improved financial performance, sets new targets


"There is no doubt that Air India's performance has improved but that is on the back of lower oil price. During the meeting, Air India chairman Ashwani Lohani said the airline needs more manpower and the government should allow it to hire. NEW DELHI: Air India may have improved its financial performance on the back of low fuel prices, but the Prime Minister's Office (PMO) doesn't seem convinced about the flag carrier's revival story.The PMO has asked the airline to improve its performance on all fronts. Lohani also wanted the retirement age at Air India to be increased to 60 from the current 58.The PMO didn't approve these, but asked the aviation ministry to look into the demands. The PMO has said that the airline needs to improve its revenue, which has remained flat during the last fiscal (year).


Source: Economic Times July 25, 2016 21:33 UTC



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