Story perspectives

Air India Launches Cost-Saving Team Amid $1.5B Funding Bid

By Drooid · Oct 15, 2026, 5:22 PM UTC · How we work

Summary

Story summary

Air India has launched a full-time cost-savings team under CEO Tewolde Gebremariam.
The airline reported a consolidated loss of over Rs 22,000 crore in FY 2025-26, double the prior year.
Air India is seeking about $1.5 billion from shareholders Tata Sons and Singapore Airlines.
Employees can submit ideas to the ‘PRABHAV – The Value Creator Award’ for cost-cutting and revenue.
Effective October 1, staff-on-duty approvals require sign-off by the HOD, CXO and CEO.

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Story summary

Air India has launched a full-time cost-savings team under CEO Tewolde Gebremariam.
The airline reported a consolidated loss of over Rs 22,000 crore in FY 2025-26, double the prior year.
Air India is seeking about $1.5 billion from shareholders Tata Sons and Singapore Airlines.
Employees can submit ideas to the ‘PRABHAV – The Value Creator Award’ for cost-cutting and revenue.
Effective October 1, staff-on-duty approvals require sign-off by the HOD, CXO and CEO.