29-May-2026
Corporate News
 
McKinsey to help Air India draft turnaround plan
29-May-2026

The board of Tata Sons was briefed on Air India’s turnaround plans last Tuesday, with inputs from global consulting firm McKinsey & Company, according to persons familiar with the matter. The airline is undergoing a sweeping transformation as it seeks to pare losses of Rs 26,800 crore reported in FY26. The board was informed that Air India may continue to remain loss-making over the next three years, with the Iran conflict, elevated fuel prices, delays in fleet renewal and the cabin retrofit programme weighing on operations.

News Source:- https://www.financialexpress.com/business/airlines-aviation/mckinsey-to-help-air-india-draft-turnaround-plan/4253639/?ref=hometop_hp
 
 
 

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