Air India wins government bailout

31st Dec 2010
Air India wins government bailout

Air India has secured a vital victory in its battle against insolvency, with the Indian government approving an emergency infusion of $267 million.

Officials on the Cabinet Committee for Economic Affairs approved the cash in exchange for assurances wage structures would be rationalised.

The loss making airline will consequently seek to boost its fleet, catering to a growing number of middle class Indians able to afford air travel.

Air India will also seek to boost the number of destinations on offer, according to a statement from the Ministry of Civil Aviation.

Created by the merger of India’s domestic and international carriers three years ago, Air India has struggled to reduce debts.


Industry Standard

Air India has lost market share as the number of domestic passengers has increased.

The airline’s market share declined to 17.1 per cent in November from 18.8 per cent in the same month last year, according to data provided by the ministry.

World Mobi

Also in Europe today, World Mobi launched its new city guide to Rome. 

World Mobi offers the most comprehensive mobile travel guides available, with over 800 cities in 200 countries listed. Each is developed by the World Mobi team to combine into a single global travel directory.

However, each city retains its own mobile identity via a dedicated domain. Already on offer are Brussels.Mobi, London.Mobi, Sanfrancisco.Mobi and Sydney.Mobi.

Delhi.Mobi is the latest in this illustrious line up, offering click to call functionality – which means no scribbling down telephone numbers.

Most entries are also linked to websites where users can quickly access more detailed information if needed.

Other key features include information on accommodation, restaurants, attractions, entertainment, nightlife, shopping, and transport.

World.Mobi guides include user reviews and traveller utilities such as a translation guide, currency converter, news and local weather guide.


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