Air India’s turnaround challenges under incoming CEO Tewolde Gebremariam
The Economic Times reports that Gebremariam will inherit an airline facing a Rs 22,238 crore loss, fresh funding needs and maintenance issues, with hundreds of aircraft on order.
TLDR
The Economic Times describes a turnaround agenda for Air India’s incoming CEO, Tewolde Gebremariam: tackle a Rs 22,238 crore loss, secure fresh shareholder funding, cut costs and tighten operational discipline. It also cites incidents involving pilots, alcohol and drugs, an alleged assault and a bomb-hoax probe. With hundreds of aircraft on order, the report says the challenge goes beyond fleet growth to funding, staffing and maintaining the airline while pursuing profitability.