ETHIOPIAN AIRLINES
Air India considers departed Garuda CFO for top finance position
Most recently, Kunduvara was finance chief for Garuda Indonesia, a position he recently left after holding the job for little more than a year. Prior to that, he spent more than two decades at Singapore Airlines, which is a partial owner of Air India alongside conglomerate Tata Group.
Air India CEO targets lower costs, higher passenger yields to steer airline towards profitability
Air India CEO Tewolde Gebremariam said the airline is working to reduce operating costs and improve passenger yields as it pursues a financial turnaround. The plan includes bringing unit costs in line with industry levels, restructuring its Delhi network, expanding international flights from Mumbai and exploring Bengaluru as a third hub.
Pakistan pilots banned: Why Air France and other airlines are restricting crew from Pak
Pakistan pilots along with some other nationals have been banned by Air France, United Airlines and Smartwings. The rules apply to pilots and cabin crew, including those with dual citizenship, and have come under scrutiny after an Ethiopian Airlines flight returned to Addis Ababa to replace an Indonesian pilot.
Air India CEO looks to cut high maintenance bill of A350 fleet engines; sets up committee
Tewolde Gebremariam is exploring ways to reduce the cost of Air India's Airbus A350 maintenance. The airline has faced higher expenses than anticipated for operating and maintaining the Trent XWB engines. This cost review is part of Tewolde's effort to improve the financial performance of the loss-making carrier. Additionally, he aims to enhance cargo operations, which currently utilize only a fraction of their capacity.
US Embassy warns of 'possible long-range attacks' targeting Ethiopian military installations
The US Embassy in Addis Ababa has issued a warning regarding possible long-range attacks on Ethiopian military installations. American citizens are advised to exercise caution and follow local authorities' guidance. Travel to several regions, including Amhara, Tigray, and Afar, is strongly discouraged. Citizens in these areas should consider leaving or sheltering in place until the situation improves. The embassy emphasizes monitoring reliable media for updates, as disinformation is widespread.
Adani airports stops handling Russian cargo, say agents
Adani Airports has suspended handling cargo related to Russian carriers at Mumbai airport due to sanctions compliance concerns. This decision has led to a dispute with representatives from Aeroflot and Volga Dnepr regarding previously arranged shipments. Currently, approximately 2.5 tonnes of cargo is lying in the airport warehouse while additional cargo seeks transportation. Delmos Aviation has requested intervention from the Ministry of Civil Aviation to resolve the matter.
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Tewolde Gebremariam assumes charge as Air India CEO
Tewolde Gebremariam has officially taken charge as the CEO and MD of Air India. He is the second foreign leader to helm the struggling airline. During a recent staff townhall, he emphasized cost discipline as integral to the company's culture. He also highlighted the importance of sustainable profitability, safety, and operational reliability for the airline's success. Furthermore, Gebremariam plans to introduce programs that reward employees for efficient cost-saving ideas.
Air India's incoming CEO Tewolde Gebremariam gets security clearance
Tewolde Gebremariam has received security clearance and will officially take charge of Air India. His appointment follows the announcement made on August 5, replacing Campbell Wilson. During a recent townhall, Gebremariam emphasized the importance of cost discipline in Air India's operations.
Boeing’s latest 737 MAX glitch hits close to home as Indian airlines bet hundreds of planes on the jet
Boeing identified a software issue affecting 737 MAX aircraft during specific landing scenarios, impacting airlines heavily investing in them. Air India Express and Akasa Air operate around 96 of these aircraft, with hundreds more on order. Boeing is developing a software fix while ensuring pilots can still land safely without automated assistance. Indian carriers have a significant backlog of Boeing orders, reflecting demand for the 737 MAX.
Air India CEO-designate Gebremariam pitches cost-saving measures, employee rewards & profitability in townhall
Newly appointed Air India CEO Tewolde Gebremariam underlined the importance of enhancing financial performance. He announced plans to encourage employee participation in cost-saving initiatives through rewards for ideas that yield measurable savings. Current challenges to break-even have highlighted the need for disciplined growth strategies and operational efficiency. Gebremariam emphasized the necessity of growing the airline sustainably and profitably to ensure long-term competitiveness.
Drugs, alcohol, bicycle & losses: The strange to-do list awaiting Air India’s new boss Tewolde Gebremariam
Air India’s incoming CEO Tewolde Gebremariam inherits an airline with global ambitions but an unusually complicated to-do list. Beyond tackling a Rs 22,238 crore loss and securing fresh shareholder funding, he must address maintenance issues, cut costs and tighten operational discipline. Recent incidents involving pilots, alcohol and drugs, an alleged assault, a bomb-hoax probe, an immigration lapse and other service issues have added to the challenge. With hundreds of aircraft on order, Tewolde’s task is not simply to grow Air India’s fleet, but to ensure the airline can fund, staff and maintain it while charting a path towards profitability.
Air India's incoming CEO Tewolde Gebremariam weighs folding budget arm AI Express into group to cut costs
Air India's incoming CEO is looking at merging Air India Express with the group to reduce operational costs, with the basic aim of streamlining management and lowering regulatory requirements. The proposed merger will require board approval for implementation. Air India is currently facing significant financial losses and operational challenges.
Air India Board clears all decks as new chief Tewolde Gebremariam enters the cockpit
Air India's board met to discuss operational priorities and remuneration for incoming CEO Tewolde Gebremariam. Outgoing CEO Campbell Wilson presented the airline's current operational position and progress made. Chairman N Chandrasekaran outlined expectations for the new leadership's focus on reliability and execution. Gebremariam will now lead the airline's demanding turnaround stage and integration efforts. The board also acknowledged Wilson's contributions to Air India's transformational journey.
Air India board meets in Mumbai; new CEO's salary structure, other matters on agenda
Air India’s board is meeting as the airline prepares for a leadership change, with former Ethiopian Airlines chief Tewolde Gebremariam expected to take charge later this month. He succeeds Campbell Wilson after four years marked by an ambitious transformation programme and significant operational challenges.
Can IndiGo shares fly again amid soaring oil prices? Ambit remains bullish but lists 5 key risks
InterGlobe Aviation shares have fallen 8% in a month as oil prices topped $100, capping near-term upside. Ambit retains its Buy call, citing IndiGo’s market-share gains, strong aircraft order book and long-term growth prospects despite fuel, forex and competitive risks.
Air India's new chief Tewolde Gebremariam takes charge: Big plans to 'Make Air India Great Again' with safety-first approach
Air India's new leadership has committed to prioritizing safety above all else, especially following recent grave safety concerns and a tragic crash inquiry. The airline, currently grappling with large financial deficits and challenges posed by airspace closures, is receiving vital financial assistance from Tata Sons and Singapore Airlines. This initiative aims to restore public confidence in Air India and meet international safety benchmarks.
Tewolde Gebremariam takes charge as Air India's new CEO, replaces Campbell Wilson
Tewolde Gebremariam has taken charge as the new Chief Executive Officer of Tata Group-owned Air India. He succeeds Campbell Wilson, who was the former leader of the airline. Air India Chairman N. Chandrasekaran led an employee town hall to welcome the new CEO. Employees gathered to mark the next chapter in Air India's transformation journey. The Tata Group-owned carrier welcomed its new leader during the event.
Air India gets new boss as Tewolde Gebremariam takes charge
Tewolde Gebremariam officially assumes operational leadership at Air India this Monday, taking over from Campbell Wilson. With mounting pressure to elevate safety and reliability standards, Gebremariam aims to enhance engineering and maintenance functions while prioritizing financial discipline and profitability. He is expected to have significant autonomy to drive sustainable operational practices.
Air India CEO-designate Tewolde Gebremariam visits Delhi, Mumbai; meets senior airline executives
Tewolde Gebremariam met senior Air India executives during his first visit to India. He will assume the CEO and MD roles next month from Campbell Wilson. Gebremariam brings extensive aviation experience from his time at Ethiopian Airlines. Air India is currently pursuing ambitious expansion plans amid challenges. Tata Group acquired the airline in January 2022.
Tewolde Gebremariam: The storied career of Air India's new helmsman and the tough India test that awaits him
Tewolde Gebremariam, known for crisis management, will lead Air India. He previously managed Ethiopian Airlines through major global crises. The airline faces safety concerns and financial losses after recent incidents. Modernising the fleet and navigating airspace restrictions will be his key tasks.
Air India names Ethiopian Airlines veteran Tewolde Gebremariam as CEO
In a strategic move, Air India has welcomed Tewolde Gebremariam as its new chief executive officer. Gebremariam, who achieved remarkable success with Ethiopian Airlines, is stepping into a role that comes with hefty expectations amidst Tata Group's efforts to revive the airline. Following substantial losses since the 2022 acquisition, Gebremariam's proven expertise is anticipated to play a pivotal role in shaping Air India's recovery and growth trajectory.
The airline builder: Meet Tewolde Gebremariam, the Ethiopian aviation veteran tasked with flying Air India into its next era
Tewolde Gebremariam, a respected turnaround specialist, now leads Air India. He previously transformed Ethiopian Airlines into Africa's largest airline group. Gebremariam navigated crises and expanded the airline's global reach significantly. Air India is undergoing a major fleet renewal and operational enhancement. This appointment signals Tata Group's focus on profitable growth and reliability.
Ethiopian national Tewolde Gebremariam to be second foreign CEO for Air India
Air India has announced the appointment of Tewolde Gebremariam as its new Chief Executive Officer. With a wealth of expertise from Ethiopian Airlines Group and various advisory roles, Gebremariam is set to guide Air India through a critical phase of growth and profitability, leveraging the transformative five-year strategy called Vihaan.AI, aimed at securing ongoing success and market dominance.
Ethiopian Airlines suspends pilots who missed landing
Ethiopian Airlines said it has suspended two pilots who reportedly fell asleep and missed their landing during a flight from Khartoum to Addis Ababa.
GMR Hyderabad Airport connects to African markets with cargo services
The latest addition of Ethiopian Airlines takes the total number of freighters the GHIAL is handling to 12 a week along with some special cargo charters, connecting Hyderabad to all major international destinations in the US, Europe, Middle-East, Africa, Far East, moving emergency supplies.
Rahul Gandhi condoles death of 157 people in Ethiopian Airline plane crash
157 people killed when a Nairobi-bound Ethiopian Airlines plane crashed after taking-off from Addis Ababa.
All killed on Ethiopian Airlines flight that crashed
There were no immediate details on what caused the crash of the Boeing 737-8 MAX plane, which was new and had been delivered to the airline in November.
Ethiopian Airline makes emergency landing in Delhi
The flight ET8806 was carrying 255 passengers and crew on board.
Ethiopian Airlines plans to expand operations in India
The pan-African flag carrier currently operates a daily double service to New Delhi and Mumbai from capital city Addis Ababa.
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