13-June-2026
Corporate News
 
Tata Group tells Air India to focus on cutting losses
13-Jun-2026

Air India is looking to defer aircraft deliveries, cut flights and postpone expansion plans after majority owner Tata Group instructed the carrier to focus on reducing its record losses, according to people familiar with the matter. The change in strategy is an abrupt pivot from an ambitious growth plan. It reflects the loss of confidence in an airline that suffered a fatal crash a year ago and has since incurred an annual loss equivalent to about $3 billion (about Rs 28,500 crore).

News Source:- https://timesofindia.indiatimes.com/business/india-business/tata-group-tells-air-india-to-focus-on-cutting-losses/articleshow/131695904.cms