New Delhi, Jan. 3:
A five-member committee headed by Ravindra H. Dholakia from
IIM-Ahmedabad has been constituted to suggest measures for cost-cutting and
optimal utilisation of assets of Air India. The committee has been asked to
submit its report in two months and also give immediate and interim
recommendations that can be implemented immediately.
The Committee’s terms of reference include analysis of all ‘heads of
expenses’ of the airline in light of best practices adopted by various airlines
globally.
It will also examine various measures adopted by other airlines
globally, which have successfully completed a turnaround plan. The Committee
will also identify loopholes in the existing structure and functioning of Air
India leading to wasteful expenditure, apart from suggesting measures to plug
such loopholes.
It will also analyse various cost components and identify those expenses
and costs that can be abolished immediately, or reduced in phases or curtailed
after sometime in the future.
Rajesh Agrawal, Director Finance, ICRISAT, Hyderabad is also a member of
the committee which includes officials of the Ministry of Civil Aviation and a
former Director of the airline.
http://www.thehindubusinessline.com/todays-paper/tp-marketing/panel-to-suggest-costcutting-measures-for-air-india/article4270391.ece
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