gfiles magazine

July 10, 2012

Accenture delivers high performance

Everybody knows what happened in Air India and how it happened. Now the Pandora’s box has opened, if K Srinivasan, Editor-in-Chief of Cruising Heights (an aviation magazine) is to be believed. He writes in the June issue that a consulting firm Accenture said a merger between Air India and Indian Airlines was the best move because “consolidation can help companies increase efficiency and scale and serve customers more effectively.” The Accenture report says that if the two airlines were merged and a new fleet ordered, there would be a profit of Rs 1,000 crore in year 1 of the merger and for the rest, the sky was the limit. Instead, losses in the first year were at Rs 1,200 crore. It went up to Rs 2,600 crore in year 2 and Rs 5,500 crore in year 3. Losses at present are hovering around the Rs 17,000 crore mark. Nobody found.....READMORE

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