No one understands frugality like Air India.
The Indian government-owned airline, which is battling huge losses and a big debt pile, is looking to cut costs and improve operating efficiency. Among other things, the airline’s chairman and managing director Ashwani Lohani has directed employees to stop bringing him flowers and give up travelling by luxury cabs.
Lohani—who calls himself as “Mr. Turnaround”—was appointed in August 2015 when the airlines’ finances were a mess. In the 2015 fiscal year, Air India reported a net loss of Rs5,547 crore ($832 million). It has a debt of over Rs50,000 crore ($7.5 billion). The airline has been losing money since 2007 when it merged with Indian Airlines. The new entity proved to be too big to manage with an expensive staff of 30,000 employees after the merger.
In a note to employees on Aug. 08, Lohani said they need to emphasize on work and not “petty courtesies.” Full story...
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The Indian government-owned airline, which is battling huge losses and a big debt pile, is looking to cut costs and improve operating efficiency. Among other things, the airline’s chairman and managing director Ashwani Lohani has directed employees to stop bringing him flowers and give up travelling by luxury cabs.
Lohani—who calls himself as “Mr. Turnaround”—was appointed in August 2015 when the airlines’ finances were a mess. In the 2015 fiscal year, Air India reported a net loss of Rs5,547 crore ($832 million). It has a debt of over Rs50,000 crore ($7.5 billion). The airline has been losing money since 2007 when it merged with Indian Airlines. The new entity proved to be too big to manage with an expensive staff of 30,000 employees after the merger.
In a note to employees on Aug. 08, Lohani said they need to emphasize on work and not “petty courtesies.” Full story...
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