Tuesday, June 30, 2009

Air India, the bankrupt maharajah...

India's state-run and oldest airline Air India is bankrupt. Shantanu Guha Ray explains what ails the airline which carries one of India's most enduring mascots - the maharajah.

They are calling it the case of the bankrupt maharajah. 

Saddled with lost man-days, unwarranted expenses, unviable routes and huge salary bills, the state-owned Air India - the airline with a mascot of a maharajah or Indian king - is in a mess like never before. 

Its losses have almost doubled to over $800m in 2008-09 and it does not have the money to foot the monthly salary bill of its 31,500 employees. More...

See also:

  1. Air India asks senior staff to sacrifice July pay...
  2. Air India sacks 10 air hostesses for being overweight...
  3. Pilots in India, and the alcohol problem...
  4. OMG! Air India pilots fall asleep and miss destination!!!

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