What Happened
Loss-Making Airline Seeks Overseas Market Share Regain
Air India plans to rebalance its network and acquire more wide-body aircraft as part of its transformation plan. The airline, owned by the Tata Group, aims to regain its overseas market share and reduce costs. CEO Tewolde Gebremariam stated that Air India has been underperforming and that this will change. The airline will develop Bengaluru as a third hub, in addition to Delhi and Mumbai, and focus on efficiency and cost reduction. This development was reported by Business Standard.