Air India reviews maintenance costs as CEO pushes cost‑cutting measures
Written by AI from 6 reports listed below. Not checked by a person before publication. How we use AI
Air India is reviewing aircraft maintenance expenses as new CEO Tewolde Gebremariam seeks to improve financial performance, flagging concerns that supplier costs were higher than expected when agreements were signed. The airline uses Airbus Flight Hour Services and Rolls‑Royce’s TotalCare maintenance programme.
The carrier operates six Airbus A350‑900 aircraft powered by Rolls‑Royce Trent XWB engines and placed an order for 80 Trent XWB engines in 2023, a record for the programme. It is seeking about INR 10,000 crore in funding from Tata Sons and Singapore Airlines and is considering folding Air India Express into the main group to streamline operations.
Gebremariam has set up a committee to explore further cost‑cutting measures, including rationalising teams across Air India and Air India Express and relocating office space to reduce lease expenses.
Why it matters
The review and related cost‑cutting actions aim to improve the airline’s financial performance amid a record annual loss.
Analysed 6 reports from 6 publishers
Used in this story
- travelbizmonitor.com
- economictimes.indiatimes.com
- livefromalounge.com
- airlive.net
- hindustantimes.com
- livemint.com
Also reported by
How we use AI · Report an error
