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Air India, Thai Airways Follow Similar Courses To Profitability
Faced with low yields, slowdowns in their respective markets and tighter competition, Air India and Thai Airways International are following similar restructuring strategies that are keyed on pumping up domestic services of low-fare subsidiaries.
“There is a cash-flow problem,” explained Air India Chairman and Managing Director Arvind Jadhav. “The magnitude of our debt burden and rising cash deficit in a falling market necessitate aggressive financial restructuring.”