Air India cuts loss-making routes

Thanks to a major restructuring effort, Air India has succeeded in cutting loss-making routes to 25% of its network in the 12 months to March 2013. This is an improvement from the 69% loss making routes in its network in the previous year. Air India attributes the improvement to a series of steps taken to cut costs, restructure loans, strengthen management and liquidate assets, including the spin-off of engineering and ground handling as independent profit centers. Air India has also launched the sale or lease five of eight 777-200LRs placed into service between 2007 and 2010. Two 787s, of six