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Air India CEO Weighs Folding Budget Unit Into Group to Cut Costs
Source: Bloomberg
M&A & RestructuringManagement & GovernanceCompany FundamentalsTravel & Leisure
Incoming Air India CEO Tewolde Gebremariam is considering integrating the no-frills Air India Express unit into the broader group to reduce costs. The potential restructuring is aimed at countering Air India's record losses, signaling continued financial pressure and a focus on operational consolidation.
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