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Air India likely to renegotiate contracts with vendors
The loss-making Air India is likely to relook into some existing key contracts with its suppliers, including aircraft lessors and engine makers, as it seeks to trim costs ahead of stake sale by the government.
Mumbai: The loss-making Air India is likely to relook into some existing key contracts with its suppliers, including aircraft lessors and engine makers, as it seeks to trim costs ahead of stake sale by the government. Air India chief Rajiv Bansal,
who has been working on ways to improve the airline's on time performance (OTP) and prune costs on various fronts, has set up a task force comprising four teams to put together a strategy before engaging with vendors, according to a source.
"The task force for contract negotiations has been asked to identify team members to negotiate and right-spec key contracts with engine supplier GE, aircraft lessors, global (ticket) distribution system (GDS) and catering services providers," the source said.
