Trim your own fat to cut flab

The non-profit organisation dedicated to the welfare of passengers claims that the airline has enough funds and can survive without reaching for the aam aadmi's money.
u00a0
APAI president Sudhakar Reddy has written a letter to Prime Minister Dr Manmohan Singh suggesting how the Maharaja can turn its fortunes with some modifications within.

MOVE OUT: Air India building at Nariman Point

Some of the suggestions mentioned in the letter are: Reduce the retirement age of AI employees from 59 to 56. This will lead to savings of $300 million (Rs 1,451 crore).

Sell off flats in AI's massive residential colonies located across India, especially in the metros. These flats can be sold to employees. The airline can earn up to $1 billion (Rs 4,789.5 crore).

AI owns several premium residential properties in plush areas like Pali Hill.

The Peddar Road flats owned by the airline that houses its chairperson and managing director Arvind Jadhav and other executive directors costs more than Rs 20 crore. Selling some of these flats can get the airline Rs 100 crore.
u00a0
Move offices from the AI building at Nariman Point to its 500-acre installation at Kalina. The 22-storeyed building will fetch around $1 billion to the airline.

It should hive off its hangers in the city and surrender the land to Mumbai Intern-ational Airport Ltd. At the current market value, the land can be sold for Rs 500 crore.
u00a0
Air India proposes to hive off its profit-making ground-handling business to Singapore Airlines for free.

A similar deal in Greece where Olympic Airways hived off their engineering and ground handling activity fetched them u00a4 377 million (Rs 25.69 crore).

Air India's latest aircraft are equipped with in-flight entertainment systems at $5 million (Rs 24 crore) a piece.

Change over to a cheaper technology that is used by many international carriers.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!