Air India reviews high maintenance costs and seeks funding amid record loss
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Air India CEO Tewolde Gebremariam is reviewing aircraft maintenance expenses after the airline reported a record annual loss of more than INR 22,000 crore in the last fiscal year.
The carrier flagged higher‑than‑expected costs with suppliers for its Airbus Flight Hour Services and Rolls‑Royce TotalCare programmes, and is exploring ways to reduce the cost of maintaining its six Airbus A350‑900 fleet engines, for which it placed an order for 80 Trent XWB engines in 2023.
Air India is seeking INR 10,000 crore (about 100 billion rupees) in funding from its owners Tata Sons and Singapore Airlines to support its cost‑cutting drive.
Why it matters
The funding request and maintenance cost review aim to improve Air India’s financial performance and could affect its capacity utilization and pricing strategies.