Loss-making national carrier Air India has shortlisted three top consulting companies - McKinsey and Co., Bain and Co., and EY - to beef up its business strategy, according to Mint .
Ashwani Lohani, Chairman and Managing Director of the state-run airline, said the firms had been shortlisted based on several presentations that had been made after Air India floated a tender last October inviting proposals for the project.
“They [the firms] will helps us in improving our network, cash flow and other things,” said Lohani.
A person privy to development was quoted as saying that the financial bids are yet to be opened for the contracts that will initially be for three to six months and may be followed by two more phases. The person said the selected firm’s mandate would be to tell the airline what it urgently needs to do, apart from looking into product development, brand management, market share, competitiveness, frequent flier programme and the entire business model,
Air India last hired consultants for a major project in 2006, when Accenture Plc executed a merger between Air India and Indian Airlines.
31/01/17 money control
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Ashwani Lohani, Chairman and Managing Director of the state-run airline, said the firms had been shortlisted based on several presentations that had been made after Air India floated a tender last October inviting proposals for the project.
“They [the firms] will helps us in improving our network, cash flow and other things,” said Lohani.
A person privy to development was quoted as saying that the financial bids are yet to be opened for the contracts that will initially be for three to six months and may be followed by two more phases. The person said the selected firm’s mandate would be to tell the airline what it urgently needs to do, apart from looking into product development, brand management, market share, competitiveness, frequent flier programme and the entire business model,
Air India last hired consultants for a major project in 2006, when Accenture Plc executed a merger between Air India and Indian Airlines.
31/01/17 money control
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