OREANDA-NEWS. September 15, 2011. Air India in its Board Meeting today, after Mr. Rohit Nandan took over as Chairman and Managing Director, reviewed the August 2011 performance vis-a-vis August 2010.

The following are the significant achievements:
1. Passenger revenue increased from Rs 889 crore to Rs 998 crore, an increase of 12.3%.
2. Passenger count went up from 1.07 million to 1.09 million a growth of 1.8%.
3. Passenger Load Factor (PLF) increased from 64.3% to 73.1% on domestic sectors and on the network from 67.7% to 70.3%.
4. Yield per RPKm (Revenue per Kilometer) went up by 15% on international sectors. On domestic sectors the increase was 23.2% and on the network the increase was 18.5%.

The Board also reviewed the liquidity position and the infusion of funds from Govt. of India; Air India has so far received Rs 1200 crore by way of equity infusion in 2011-12.

The Board also took note of the Modified Turn Around Plan prepared by SBICaps which was based on the recommendations of the Committee of Officers from the Ministry of Finance and other ministries, wherein it was stated that a scenario for expansion should be prepared if Air India was to grow as per market growth rate.

The Board also approved the nomination of Mr. Rohit Nandan, CMD, on the various committees of the Board and on the Board of AI/SATS a joint venture of Air India.