Channel NewsAsia
Channel NewsAsia
AsiaPac · 21 mins ago

Air India turnaround could take up to a decade, owner Tata Sons says

India's Tata Sons said Air India's turnaround could take up to a decade, extending the timeline for the carrier's turnaround, Chairman N. Chandrasekaran said in the company's annual report late on Monday (Jul 27).The comment comes as the country's second-largest airline grapples with airspace closures, higher fuel costs from the conflict in West Asia, and the fallout from a deadly plane crash last year. The airline's turnaround will take time due to persistent supply-chain disruptions in key components, the need to overhaul legacy systems, culture, fleet, and efforts to build a larger technical and airline workforce, Chandrasekaran said.The revised timeline marks a departure from Vihaan.AI, the five-year plan unveiled in September 2022 by then Chief Executive and Managing Director Campbell
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