State-owned airline had frozen hiring of regular employees in 2012 and has since hired pilots and cabin crew on contract
GN Bureau | November 15, 2016
There are early signs of a turnaround at Air India. It has increased its revenue per regular employee by over 12% to Rs 1.09 crore in the year. This was achieved by reducing the number of regular employees to 19,401, down 8% compared with FY15, reported Financial Express.
Air India had received a bailout package of Rs 30,000 crore by the government in 2012 and it had frozen hiring of regular employees in 2012 and has since hired pilots and cabin crew on contract. This improved the airline-to-employee ratio to 1:120 (excluding subsidiaries) compared with 1:139 in the earlier fiscal.
READ: The afterlife of the Maharaja
During FY16, the carrier cut its losses by nearly 35%.
There are areas where it is still behind its private sector peers. For instance, the aircraft utilisation rate of Air India continues to be at 9.5 hours in a day against a standard 12.5-13 hours for most private airlines.
“It would be very difficult for us to substantially improve on most counts any further but a better aircraft utilisation is even harder as it’s a legacy problem that is peculiar to government-owned companies,” the daily quoted a senior airline official as saying.
“As more senior officials retire, we would have to start hiring regular employees in a staggered manner soon. This could adversely impact expenses unless we improve in other areas,” the official added.
With commissioning of 800 MW unit at Kudgi in Karnataka, 250 MW unit at Bongaigaon in Assam and 20 MW at Bhadla solar in Rajasthan, the total installed capacity of National Thermal Power Corporation (NTPC) group has reached to 49,943 MW. The 12th plan cap
Aadhaar is arguably one of the most convoluted public policy interventions in India’s history. It has been more than eight years, yet there is little clarity on the exact purpose of the biometric-based unique identification project. Let me take you through an event which I witne
The airports authority of India (AAI), a Miniratna PSU, has undertaken operation, development and maintenance of Diu airport from Diu administration. A memorandum of understanding demonstrating the responsibilities was inked on March 20 between the union terri
Central public sector enterprises (CPSEs) have done quite well despite facing headwinds, according to the Public Enterprises Survey (2015-16) that was tabled in parliament on March 21. The net worth of all the CPSEs have gone up and the overall net profit has zoomed. Their contribution to the cen
After much discussion and pondering over for more than two years, the cabinet has approved a new National Health Policy, scrapping the old one which was formulated in 2002. The government aims to increase the public health expenditure to 2.5% of the GDP by 2025. The policy formulated in 2002 aimed
“We have requested more security from the government of India and the Uttar Pradesh government,” said Abdou Ibrahim, senior adviser, Association of African Students (AASI) following an attack on four students from Africa in Greater Noida, Uttar Pradesh. &n