Merged Air India to earn consolidated revenue of $4 billion this fiscal
11 Oct 2007
1
New
Delhi: Merger benefits are already becoming apparent for State-run carrier,
Air India, which has said that it expects to post consolidated revenue of $4 billion
in the current fiscal year to March 31. The domestic and international operators,
Indian Airlines and Air India merged this year and are currently trying to close
the formalities of the process.The National Aviation Co of India Ltd., or Nacil, formed in August this year after the merger with Indian Airlines, runs the combined fleet of nearly 120 aircraft.
Prior to the merger, the two airlines had recorded combined revenue of $3.5 billion in the fiscal year ended March, according to Air India officials.
Civil
aviation ministry officials have estimated that the merger of the two State-run
airlines could save more than $200 million in costs through operational synergies
by December 2009.
