Air India's A350 engines turning costly? CEO Tewolde Gebremariam looks to reduce soaring maintenance costs
Indian markets moved lower.
· LiveMint Companies
Air India CEO Tewolde Gebremariam is reportedly seeking to reduce the cost of maintaining the airline’s six A350 aircraft. The airline recorded its highest-ever annual loss of more than 220 billion rupees ($2.3 billion) in the previous financial year.
Market context
- Sectors in the story: Financial Services.
Financial Services
1M -8.8% · 3M -14.9%
Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Adani Ports Q2 Results: Net profit jumps 17% YoY to Rs 3,622 crore; revenue up 24%
Muthoot Finance Q2 Results: Profit Rises 27% To Rs 2,977 Crore, Revises Gold Loan Growth Guidance For FY27
Sebi bars EKI Energy, MD Dabkara, others from market; imposes penalty
Jatin Kumar Nayak takes charge as Ireda chairman and managing director
LIC Housing Fin Q2 net profit grows 12% YoY