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Singapore Airlines Ltd (SIA1.MU)

Munich - Munich Delayed price. Currency in EUR
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4.5980-0.0920 (-1.96%)
At close: 08:05AM CEST
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  • Reuters

    Outdated fleet and seats, supply woes hobble Air India's turnaround

    Two years after Tata Group took control of Air India in a $2.4 billion deal, re-kitting an ageing fleet amid parts shortages and persistent flight delays stand in the way of the former state-owned carrier's intent to become "a world class airline". Global shortages are hurting plans for most airlines, but the problem is "more acute" for Air India, CEO Campbell Wilson said, as India's flag carrier is nearing the halfway mark of a five-year turnaround plan but starting a generation behind rivals like Dubai's Emirates and Qatar Airways. The challenges are the biggest at the premium end of the plane as Air India looks to lure high-spending travellers, added Wilson, a former Singapore Airlines executive.