What Happened
New CEO Tewolde Gebremariam Targets Growth And Cost Reduction
Air India is considering additional widebody aircraft orders from Boeing and Airbus as part of its plans to expand international operations and return to profitability. The airline’s new CEO, Tewolde Gebremariam, has set in motion plans to grow the long-haul fleet and regain international market share from foreign competitors. Air India currently operates a fleet of 61 widebody aircraft and has existing commitments for 600 aircraft, including 80 widebodies. The airline is also reviewing its international network and evaluating new hubs, including Mumbai and Bengaluru. According to AeroTime, Air India’s expansion plans come as the carrier works to reduce operating costs and improve its financial performance.