Indian Airlines has registered a 20 per cent growth in the number of passengers carried last year over 2006 from Bahrain, according to the airline officials.
The airline, which flies daily to Calicut and Cochin from Bahrain, has been registering a steady growth over the years, said Abhay Pathak, regional manager (Gulf), National Aviation Company of India Limited (NACIL), the entity into which Indian Airlines and Air India have been amalgamated.

Country manager Niranjan Kumar said the airline registered a 20 per cent growth in the number of passengers carried last year, over 2006.

Awards were presented to the general sales agents Dadabhai Travel and top 10 travel agents, two cargo agents, the BAS (Bahrain Airport Services) catering and Golden Tulip.

The award winners included Pegasus Travels, Bahrain Overseas Travel and Cargo, Al Fanar Travel, Al Noaimi Travel & Tours, Kanoo Travel Agency, Al Kobaisi Travel & Tours, Al Amal Travel, Tours & Cargo, Al Rahal Travel & Tours, Concorde Travel & Tours, Nasser Travel & Tours, and Atlas Travel & Cargo.
Trade Arabia

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Last Friday evening, the Air India board met to pass the accounts for the financial year 2006-07. According to the original financial documents presented to the board, the airline had recorded a net loss of Rs 541.3 crore for 2006-07, its biggest ever.
“It is a sad day in the 70-year-old history of Air India,” said a functional director of the airline, who slipped out of the meeting to talk to ET. Air India had reported a profit after tax of Rs 14.94 crore in 2005-06.



Insiders said that losses would have been close to Rs 1,100 crore, were it not for a range of ‘smart’ measures to lessen the impact. Air India’s two auditors, Kalyaniwala and Mistry and SK Mehta and Co, had qualified the accounts with comments on each of these measures.

Apparently, ICICI Bank chairman N Vaghul, an independent director on the board, had raised a range of issues relating to the auditor’s qualifications.
“The final losses could be in the region of Rs 700 crore,” said a senior executive close to the developments.

The same board, which met for the Air India board meeting, also discussed and passed Indian’s accounts. Fortunately, Indian was able to buck the trend and report a tidy profit of Rs 57 crore during the same period. So even though Air India’s net worth has turned negative, the company is banking on Indian’s capital base to bail it out.

24/11/07 Cuckoo Paul/Economic Times