Air India reviews maintenance costs amid loss and seeks funding
Written by AI from 8 reports listed below. Not checked by a person before publication. How we use AI
Air India CEO Tewolde Gebremariam is examining aircraft maintenance expenses, including Airbus Flight Hour Services and Rolls‑Royce TotalCare programmes, as the airline reports a record loss and seeks funding from its owners.
Air India reported a record annual loss of more than INR 22,000 crore (about 220 billion rupees) in the last fiscal year. The airline is reviewing aircraft maintenance expenses as part of a broader cost‑cutting drive led by CEO Tewolde Gebremariam. Air India flagged concerns with suppliers over maintenance costs that were higher than anticipated when agreements were signed.
The carrier uses Airbus Flight Hour Services and has signed up for Rolls‑Royce’s TotalCare maintenance programme for its fleet, including the six Airbus A350‑900 aircraft powered by Trent XWB engines. In 2023 the airline placed an order for 80 Trent XWB engines with options for another 20, a record order for the engine programme.
Air India is seeking INR 10,000 crore in funding from its owners, Tata Sons and Singapore Airlines. The same amount is described as 100 billion rupees in a separate report.
The airline uses an average of around 35 % of its cargo capacity.
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