The National air carrier Air India today said it is likely to get a new Chief Operating Officer (COO) from January next year.
"It is in the process... I think we will be calling a meeting shortly... hopefully by January-end you should see a new COO," National Aviation Company of India Limited (NACIL) CMD Arvind Jadhav told reporters here.
NACIL is the holding company formed after the merger of Air India and erstwhile Indian Airlines.Air India had embarked on a time-bound operational and financial turnaround plan, which envisages pruning costs, increasing yields and making profits. This appointment is part of the carrier's initiative to bounce back in black.
The COO will be in charge of the airline's day-to-day affairs and work under the NACIL CMD. He will be appointed on contract, initially for a period of three years which can be extended further by two years, he said.
On a question on cost saving measures, Jadhav said the airline needs to save Rs 3,000 crore and the various cost cutting steps initiated so far had yielded good results.
"Presently, we have achieved a saving of around Rs400 crore from ongoing measures and we expect to save another Rs1,000 crore by end-March," Jadhav said.
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