NEW DELHI: The Indian national carrier, Air India, is going to cut annual costs by $226.6m (14 billion Indian rupees).
The Indian state-owned company took the decision after the government ordered the loss-making airline to improve its finances. Air India said surplus staff should be identified and overtime and expenses slashed, while flights not meeting their fuel costs should be cut.
Air India, once the country’s monopoly airline, has not reported an annual profit since 2007, and received a $5.8bn bailout package from the government in 2012.
