TATA SINGAPORE AIRLINES
Air India losses narrow, but Singapore Airlines’ profit falls 44% as fuel costs rise
In its latest financial report, Singapore Airlines announced a net profit of S$134 million for the first half, down from S$239 million in the same period last year. The airline faced a more than 20% rise in expenses, driven by higher jet fuel prices that reached US$171 per barrel, marking an 86.7% increase. Nevertheless, revenue saw a boost of 16.8% to S$11.
Air India shortlists former Singapore Airlines executive Balagopal Kunduvara for CFO role
Air India has shortlisted former Singapore Airlines executive Balagopal Kunduvara for the CFO role as the airline steps up efforts to cut costs and improve financial performance. Kunduvara, who recently left his position as finance chief at Garuda Indonesia, has over two decades of experience at Singapore Airlines. The carrier reported losses of more than Rs 22,000 crore in the last financial year.
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.
Air India tightens spending controls as it battles losses and high fuel costs
Air India is forming a dedicated team to identify cost-saving opportunities in operations while facing significant challenges. The airline is under pressure to restore profitability after recording substantial losses in the past fiscal year. Fresh equity funding is being sought from Tata Sons and Singapore Airlines to stabilize finances. Operational disruptions from regional conflicts and a lack of certifications have complicated recovery efforts.
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.
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Air India and Tata Communications launch 'EasyRoam' for international travellers with roaming plans from Rs 241
Air India has introduced EasyRoam, an international travel SIM to provide mobile data and voice services abroad. The SIM is available as a physical SIM or eSIM through the Air India website. Customers can choose from various international roaming packs covering 30 countries worldwide. The service aims to enhance seamless connectivity for travelers without needing local SIMs upon arrival.
Air India's ₹10,000 crore fundraise plan draws cashflow concerns
Air India is currently looking to secure ₹10,000 crore in fresh loans for various operational needs. Some lenders are hesitant to provide credit due to uncertain cash flow visibility and risks. The Tata Group-backed airline reported a significant increase in losses over the past financial year, including foreign-exchange losses. Despite this, state-owned banks are willing to renew existing credit lines due to a good credit rating.
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's consolidated loss widens to Rs 22,238 crore in FY26
Air India's consolidated loss widened to over Rs 22,000 crore in fiscal 2025-26. Total income declined while total expenses increased during the same financial period. Aircraft repair costs rose, but fuel expenses saw a decrease. Foreign exchange losses significantly increased, impacting the airline's financial performance. The company expects insurance to cover liabilities from the AI171 accident.
Tata Sons should commit to long-delayed IPO after RBI setback, proxy adviser says
InGovern Research Services advises Tata Sons to prepare for a stock market listing. The Reserve Bank of India rejected the company's bid to exit regulatory oversight. A public offering would benefit numerous indirect shareholders across group companies. Tata Sons faces a mandatory listing requirement by September 2025. The board will consider the RBI order and a potential listing timeline.
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.
Air India losses not a threat to Singapore Airlines services: S'pore transport minister
Singapore's government stated Air India losses pose no threat to local services. The minister confirmed Singapore Airlines has ample resources for its operations. This assessment follows Air India's request for significant new equity funding. Singapore Airlines' investment offers strategic access to India's large aviation market. The government believes the investment supports Singapore Airlines' future growth.
Singapore Airlines seeks greater influence, tighter governance terms before Air India funding: Report
Singapore Airlines seeks more management influence and governance rights for Air India. This comes as Air India requests significant capital infusion from its owners. Tata Sons has approved its share of the funding, while Singapore Airlines holds a minority stake. The Indian carrier's substantial losses are pressuring Singapore Airlines to justify its investment. Singapore Airlines will carefully evaluate any capital request considering business strategy and cash flow.
Why Air India's funding call has come under political scrutiny in Singapore
Air India's reported $1.5 billion funding request from Tata Sons and Singapore Airlines has triggered political scrutiny in Singapore over state investor Temasek's indirect exposure to the Indian carrier. Singapore officials defended Singapore Airlines' investment decisions while condemning anti-Indian online abuse targeting Temasek CEO Dilhan Pillay Sandrasegara.
Singapore defends SIA’s Air India investment, says overseas growth is essential
Singapore's transport minister defended Singapore Airlines' Air India investment. The airline needs overseas expansion due to limited domestic travel. Singapore Airlines finances its investments from internal resources. The Air India transformation is a long-term strategic commitment. This investment aligns with the airline's multi-hub strategy.
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.
Police looking into 'shameful' racist online comments about Nepal-Tibet disaster, Air India: Singapore Senior Minister Shanmugam
Singapore is investigating racist online commentary regarding the Nepal-Tibet disaster. Authorities are also examining Singapore Airlines' financial ties to Air India. Senior Minister K Shanmugam condemned the hateful and unacceptable online remarks. He stated that social media platforms will be directed to remove violating content. Singapore aims to safeguard its multicultural identity against rising divisive rhetoric.
Singapore government won’t interfere in decisions on Air India
In a decisive stance, Singapore's government has stated it will not step into Singapore Airlines' investment decisions concerning Air India. Senior Minister K Shanmugam highlighted that upholding commercial discipline is crucial. Air India is pursuing one billion dollars from its parent companies, Tata Sons and Singapore Airlines, with financial backing tied to meeting specific operational benchmarks, especially in light of recent setbacks and geopolitical instability.
Tata Sons readies fresh ₹10,000 crore bet on Air India as losses mount, but T&C apply
Tata Sons' board approved over Rs 10,000 crore for Air India's capital infusion. This significant funding is contingent upon business cases from Air India and other group companies. The airline reported substantial losses, necessitating this financial support for its transformation. Singapore Airlines also faces a decision regarding its participation in the equity raise. This capital infusion comes amid internal discussions on group strategy and financial discipline.
Indian pilots’ body warns Noel Tata over Air India exodus, flags safety concerns
ALPA India highlights pilot attrition as a critical flight safety concern for Air India Group. The association urges the Tata Group to review pilot retention and working conditions. Experienced pilots are considered valuable safety assets, not just manpower. Fleet transitions require robust training and careful management of cockpit experience. An independent review is requested to assess safety systems and pilot well-being.
Temasek backs Singapore Airlines to fly long haul with Air India
Temasek has shown its support for Singapore Airlines' investment in Air India amidst rising concerns regarding the Indian carrier's financial downturn. Following its first quarterly loss since 2022, Singapore Airlines is looking for substantial new equity from its stakeholders. Temasek perceives this investment as part of a broader long-term strategic vision.
'Key to long-term growth': Temasek backs Singapore Airlines’ Air India bet amid investor scrutiny
Singapore's Temasek supports Singapore Airlines' Air India investment for future growth. This strategic move aims to deepen the carrier's presence in India's large aviation market. Singapore Airlines seeks to establish a second hub outside its home country. Temasek acknowledges the complex, multi-year integration challenges ahead. The investor believes these initiatives are vital for sustained long-term growth.
Singapore Airlines' board to retain final say on further Air India investment
Singapore Airlines’ board will retain the final decision on any further investment in loss-making Air India, chairman Peter Seah told shareholders. He said the board is closely reviewing the investment and would approve additional funding only as circumstances warrant.
Will consider Air India's biz strategy, other factors before deciding on additional fund requests: Singapore Airlines
Singapore Airlines will carefully consider Air India's capital requests. The airline group evaluates investments considering its own capital needs. A Singapore Parliamentarian raised concerns about further funding for Air India. Air India seeks USD 1.5 billion from its co-owners for transformation. The airline's transformation journey is expected to take up to a decade.
Air India’s $1.5 billion funding ask sparks backlash in Singapore parliament
A Singapore politician questions the logic of Singapore Airlines supporting Air India. He opposes using Temasek funds for Air India's turnaround efforts. The politician seeks parliamentary answers on Air India's financial assessment. He stated that Singaporeans do not owe Air India any support. Singapore Airlines should fund its Air India investment independently.
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