Air India's new CEO faces financial and safety turbulence
Summary
Air India has named Tewolde Gebremariam as its new CEO to lead the airline through serious financial losses and safety challenges, including a fatal crash in 2023. Gebremariam, formerly CEO of Ethiopian Airlines, is expected to focus on growth and operational improvements as Air India recovers from setbacks.Key Facts
- Tewolde Gebremariam is the new CEO of Air India, replacing Campbell Wilson.
- Gebremariam was previously CEO of Ethiopian Airlines for over 10 years.
- Air India was bought by the Tata Group from the Indian government in 2022.
- The airline is dealing with heavy losses, recording nearly $2.3 billion in losses recently.
- Air India experienced a deadly crash in June 2023 killing 260 people, with the final report due in October.
- The airline has cut about one-third of its international flights amid ongoing challenges.
- Air India operates 198 aircraft and flies to 91 destinations in India and abroad.
- The airline faces wider industry pressures including increased costs, route disruptions, and regulatory issues.
- Gebremariam’s priorities include improving employee morale, fleet expansion, and reshaping Air India’s route network.
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