Air India board ratifies team consolidation, cost-saving plan
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Air India board ratified a plan on October 15 to consolidate teams across Air India and Air India Express.
- ✓This move aims to cut costs and reduce wastage.
- ✓The CEO got power to streamline departments like finance and IT.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The Group's CEO empowered to take immediate measures to curtail costs and reduce wastage across various departments
Tata Group-promoted Air India's board has ratified a plan to consolidate select teams across Air India and Air India Express, along with additional measures to curtail costs and reduce wastage amid a difficult operating environment, sources told businessline.
According to sources, the board, which met on October 15, has empowered the airline's Chief Executive Officer to undertake other cost-saving measures."
On its part, Air India did not respond to queries.
Common Leadership
The decision comes as the Group seeks to reduce duplication across identified functions, improve resource utilisation and bring down overheads.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Business Line
Read the full, original unfiltered story directly on the publisher's portal.