Friday, September 17, 2010

Indian flights firm 'to be hived off'

Air India Express (AIE), a company offering cheap flights to India, will be spun off from parent organisation Air India as part of a drive to push down costs, it has been claimed.

The Economic Times reports that a new CEO is set to be brought on board within the next couple of weeks. Gustav Baldauf, chief operating officer of Air India, told the news provider: "By next summer schedule, restructuring operations of AIE will be complete and it will fly to domestic destinations too."

The move to reshape activities at the airline offering cheap flights to India comes after the company had to cancel a number of flights as a result of fewer bookings. Earlier this month, Jet Airways was rewarded for its business class travel offering, at an awards ceremony in New Delhi.

News Source for Indian flights firm 'to be hived off'

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