Air India CEO eyes wide-body aircraft order expansion, says profitability remains a concern
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Air India CEO Tewolde Gebremariam said the airline plans to increase its wide-body aircraft orders to capture growth.
- ✓While the carrier eyes expansion, he noted that profitability remains a concern.
- ✓"I am more impatient than shareholders to see Air India turn profitable," he said, as the airline works on costs.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Air India CEO Tewolde Gebremariam emphasized the airline's commitment to enhancing financial performance and expanding its aircraft orders. The airline seeks to capitalize on significant growth opportunities in the aviation sector amidst current industry challenges. Gebremariam expressed the need for India to make timely decisions for its potential as a global aviation hub. Air India also aims to rethink its hubs and network structure to adapt to changing conditions.
Air India CEO Tewolde Gebremariam said the airline is looking to increase its wide-body aircraft order as it seeks to tap growth opportunities, while acknowledging that profitability remains a key concern and the airline is working on costs across its business.
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Economic Times
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