logo
More than 50% of Air India's fleet now features upgraded cabin interiors

More than 50% of Air India's fleet now features upgraded cabin interiors

Time of India30-04-2025
More than 50% of
Air India
's fleet now features refurbished cabin interiors, the airline said on Wednesday, as part of its $400 million retrofit programme aimed at transforming the travel experience across both narrow-body and wide-body aircraft.
#Pahalgam Terrorist Attack
PM Modi-led 'Super Cabinet' reviews J&K security arrangements
Pakistan's General Asim Munir is itching for a fight. Are his soldiers willing?
India planning to launch military strike against Pakistan within 24 to 36 hours, claims Pak minister
'As we await deliveries of new aircraft, our entire fleet of legacy single-aisle and twin-aisle aircraft is undergoing a comprehensive retrofit,' the airline said in a statement.
The upgrades include installation of new seats in a three-class cabin configuration—Business Class, India's only Premium Economy, and an enhanced Economy Class—along with fresh carpets, curtains, lavatories, and new paint in the revamped Air India branding.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
The New £23 per Month Private Medical Insurance That's Sweeping the UK
Save Money Market
Learn More
Undo
The retrofit is central to the Tata Group-owned airline's five-year transformation strategy.
'The programme is an important step forward… It will help provide a consistent product and service experience across the fleet,' the airline said.
Live Events
Air India CEO and MD
Campbell Wilson
, speaking at the Skift India Forum in March, called the retrofit of aircraft 'the number one priority' for the airline. He confirmed that all legacy wide-body aircraft, including Boeing 777s and 787s, are expected to be fully upgraded by early to mid-2027.
'By early mid 2027, all of the legacy wide-body aircraft will be upgraded… still slower than we would have liked,' Wilson acknowledged, pointing to seat supply issues and logistical constraints. 'We are now pulling these aircraft through a heavy refresh programme.'
Air India also expects to complete retrofitting all 27 of its A320neo aircraft by the third quarter of this year. The first upgraded A320neo has already re-entered service.
The full-service carrier, which merged with Vistara last year, is also repainting and retrofitting the Vistara fleet—an effort expected to take another 18 months.
Addressing industry-wide concerns, Wilson said the global aviation sector is likely to remain supply-constrained for the next four to five years, with shortages of engines, seats, and aircraft components delaying timelines.
'Reality is that it is going to remain a supply-constrained market, not just for Air India or India, but worldwide… for another 4–5 years,' he said.
To mitigate the impact, the airline is being strategic in its deployment.
'If you are capacity constrained, you have to be a little bit ruthless with respect to where you deploy your aircraft to maximise returns,' Wilson said. 'Getting one or two leased aircraft with a different configuration adds to the complexity rather than advancing you.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

8th Pay Commission Big Update: Modi government likely implemented salary hike by THIS date, Finance Ministry says...
8th Pay Commission Big Update: Modi government likely implemented salary hike by THIS date, Finance Ministry says...

India.com

time22 minutes ago

  • India.com

8th Pay Commission Big Update: Modi government likely implemented salary hike by THIS date, Finance Ministry says...

बिहार में कई ट्रेन परियोजना का उद्घाटन 8th Pay Commission: The Modi government has approved the 8th Pay Commission in January 2025, but the official notification has not yet been issued. It is also important to note that the government has not yet finalized the names of the members and the chairperson of the new Pay Commission. Meanwhile, Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha that the official notification regarding the 8th Central Pay Commission will be issued at an appropriate time in the near future. Here are some of the key details: Minister of State for Finance Pankaj Chaudhary stated that letters were sent on January 17 and February 17, 2025, to the Ministry of Defence, Ministry of Home Affairs, Department of Personnel and Training (DoPT), and all states seeking their inputs on the Terms of Reference. Inputs are still being received. Therefore, the official notification will be issued at an appropriate time, the minister said. After the government issues the notification for the 8th Pay Commission, the chairperson and members of the commission will be appointed. The notification would be issued 'at the appropriate time,' and appointments would follow thereafter. More than 10 million Central Government employees and pensioners are eagerly awaiting the official notification of the 8th Pay Commission. According to media reports, the government may approve a fitment factor in the range of 1.8 to 2.86. The fitment factor determines the salary/pension hike for Central Government employees and pensioners. At 1.92 fitment factor Revised basic pay: Rs 54,528 HRA: Rs 13,086.72 TA: Rs 3,600 Gross salary: Rs 71,214.72 NPS: Rs 5,452.80 CGHS: Rs 250 Net salary: Rs 65,511.92 At 2.57 fitment factor Revised basic pay: Rs 72,988 HRA: Rs 17,517.12 TA: Rs 3,600 Gross salary: Rs 94,105.12 NPS: Rs 7,298.80 CGHS: Rs 250 Net salary: Rs 86,556.32 At 1.92 fitment factor Revised basic pay: Rs 73,152 HRA: Rs 17,556.48 TA: Rs 3,600 Gross salary: Rs 94,308.48 NPS: Rs 7,315.20 CGHS: Rs 250 Net salary: Rs 86,743.28 At 2.57 fitment factor Revised basic pay: Rs 97,917 HRA: Rs 23,500.08 TA: Rs 3,600 Gross salary: Rs 1,25,017.08 NPS: Rs 9,791.70 CGHS: Rs 250 Net salary: Rs 1,14,975.38 At 1.92 fitment factor Revised basic pay: Rs 1,12,512 HRA: Rs 27,002.88 TA: Rs 3,600 Gross salary: Rs 1,43,114.88 NPS: Rs 11,251.20 CGHS: Rs 650 Net salary:Rs 1,31,213.68 At 2.57 fitment factor Revised basic pay: Rs 1,50,602 HRA: Rs 36,144.48 TA: Rs 3,600 Gross salary: Rs 1,90,346.48 NPS: Rs 15,060.20 CGHS: Rs 650 Net salary: Rs 1,74,636.28 At 1.92 fitment factor Revised basic pay: Rs 1,53,984 HRA: Rs 36,956.16 TA: Rs 7,200 Gross salary: Rs 1,98,140.16 NPS: Rs 15,398.40 CGHS: Rs 650 Net salary: Rs 1,82,091.76 At 2.57 fitment factor Revised basic pay: Rs 2,06,114 HRA: Rs 49,467.36 TA: Rs 7,200 Gross salary: Rs 2,62,781.36 NPS: Rs 20,611.40 CGHS: Rs 650 Net salary: Rs 2,41,519.96 At 1.92 fitment factor Revised basic pay: Rs 1,85,472 HRA: Rs 44,513.28 TA: Rs 7,200 Gross salary: Rs 2,37,185.28 NPS: Rs 18,547.20 CGHS: Rs 650 Net salary: Rs 2,17,988.08 At 2.57 fitment factor Revised basic pay: Rs 2,48,262 HRA: Rs 59,582.88 TA: Rs 7,200 Gross salary: Rs 3,15,044.88 NPS: Rs 24,826.20 CGHS: Rs 650 Net salary: Rs 2,89,568.68 (Disclaimer: These are projections. Actual revised amounts may vary.)

For risk-averse investors, SIPs in government bonds as close to a guaranteed return as one can get:  Shweta Jain
For risk-averse investors, SIPs in government bonds as close to a guaranteed return as one can get:  Shweta Jain

Time of India

time35 minutes ago

  • Time of India

For risk-averse investors, SIPs in government bonds as close to a guaranteed return as one can get: Shweta Jain

Shweta Jain , Founder, Investography , says for risk-averse investors seeking short-term options, bond SIPs offer near-guaranteed returns backed by the Indian government. With maturities ranging from three months to a year and a minimum investment of Rs 25,000, these SIPs are ideal for parking funds intended for short-term needs. Investors can stagger maturities, roll over investments, or withdraw profits while reinvesting the principal. Let us get the background of this particular platform that is launched by RBI. It has been launched sometimes back and the awareness level is still really low because a lot of time investors do not know how to access it and what kind of products one can buy from these platforms. Give us a sense of this retail direct platform where investors can directly invest into government securities. Shweta Jain: It is interesting because this was launched to increase retail participation. Investors can now invest in T-bills directly and through different sorts of periods – 14-days, 91-days. There are different periods that they can do as well. But the awareness is quite low because not much effort is taken to promote it. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World Undo I want to understand this from a financial planning angle now. We are talking about doing SIPs in treasury bills. What kind of investors should be going to these platforms? If at all they are investing in these kinds of products, what should be the average return expectation? Should return or profit be the priority when you are investing in these kinds of investment instruments or just safeguarding your money should be the priority? Shweta Jain: I am going to take the questions one by one. One, this is for an investor who is looking at short-term investments . This is not for somebody who is looking long-term. This is for somebody who is absolutely risk-averse. This is as close to a guaranteed return that you can get because the Indian government is promising to repay you at a later date, that is literally what it means. So, this comes with different maturity days. Ideally if you have a three-month horizon for example, a 91-day T-bill will suit you or a 182 days T-bill will suit somebody who has 6 months and 364-day somebody who has a year's horizon. Also the minimum amount should be about Rs 25,000. The other quite interesting thing is the way the SIP has been promoted and the fact that some of these can be used to either stagger your maturity or keep rolling these investments. It is also interesting for somebody who may be looking at short-term requirements, not necessarily deployed anywhere else because it is short term, say three months. The money might be lying in the bank, and so this is a great use. It is also quite interesting for somebody, who might need the money after three months, and who may not want to roll this over. It could be that they do this for three months and then withdraw the gain and then invest the principle again, for any of the tenures. It could be that you are taking out a little bit of profit. Live Events You Might Also Like: Bond SIPs offer better returns for risk-averse investors at around 5.5% interest: Suresh Darak Looking at the bouquet that has been offered in RBI retail direct platform, which are the ones you would recommend for a long-term investment perspective? Considering these are mostly debt instruments and when we talk about financial planning or your portfolio planning, it is important to give that balance and stability in your portfolio through a debt investment. Among all of these investment instruments available in this bouquet, which ones would you prefer from a long-term perspective? How can you strategise these instruments for a long-term goal perspective? Shweta Jain: Absolutely. When goals are nearer, you want to withdraw the risk element out of it and these products can be a great help to mitigate that risk. Somebody who is absolutely risk averse or someone just starting can start SIP into these instruments. This SIP will be more comfortable for them and then they can go on towards long-term investments. For somebody who is looking at a hybrid portfolio, I would not recommend it, but somebody who wants to invest safely outside of FDs and RDs, this is a great opportunity. Since we are talking about a full-fledged investment strategy in these instruments, it is very important to caution our investors in terms of risk. We know no investment is risk-free. What are the risks associated with these investments as well? Shweta Jain: One is something which I would call the liquidity risk. While you can sell it in the secondary market, you are basically restricted to the amount of time that you have committed for. You can try and sell it in the secondary market, but that is the liquidity risk that you are talking about. It could be something that may be difficult to sell and that I would definitely call a risk. There are no other risks in terms of credit risk. The other risk of course is the interest rate risk. If the interest rate falls or rises tomorrow, like if the interest changes, then your earlier bonds might become more expensive or your future bonds might become more expensive. That could happen as well or could be more attractive, expensive or attractive. I think that interest rate risk is something that you could carry as well. But the best part is most new investors look at SIPs and link it to mutual funds. But because mutual funds are subject to market risk, they may not enter that, but here the SIP is in T-bills and so it could be a great entry point and then get into other longer duration investments whether it is equity or debt, whether it is mutual funds or other products. You Might Also Like: Now you can do SIPs into T-bills via RBI's retail direct platform; know how will it work and should you go for it

Madho Rao Scindia I centenary: Celebrating the visionary ruler's contributions to Madhya Pradesh's Gwalior development
Madho Rao Scindia I centenary: Celebrating the visionary ruler's contributions to Madhya Pradesh's Gwalior development

Time of India

time36 minutes ago

  • Time of India

Madho Rao Scindia I centenary: Celebrating the visionary ruler's contributions to Madhya Pradesh's Gwalior development

BHOPAL: The centenary of the late ruler Madho Rao Scindia I (Madho Maharaj) was marked with a memorial lecture at the Chamber of Commerce auditorium on Tuesday, organised by the Madho Maharaj Memorial Foundation. Speakers recalled Madho Maharaj's reign from 1886 to 1925, describing him as a visionary who transformed Gwalior's industrial base, introduced modern administrative systems, and undertook large-scale infrastructure development. Born in 1876, he ascended the throne at the age of 10 and assumed full powers in 1894, steering the state towards prosperity. Historian Nilesh Ishwar Chandra Karkare, delivering the keynote address, highlighted milestones such as the establishment of industries, municipal reforms, and public works that continue to benefit the city. Energy Minister Pradyumn Singh Tomar, the chief guest, elaborated on the reforms undertaken during Madho Maharaj's rule. Jiwaji University Vice-Chancellor Prof. Rajkumar Acharya praised the Scindia dynasty's legacy, calling for greater historical awareness and social harmony. Sangram Kadam of the Maratha Hitkarini Sabha noted that Gwalior still benefits from the ruler's foresight, including early concepts of urban planning. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo Event coordinator Ashish Pratap Singh Rathore said the lecture aimed to inform citizens about the ruler's contributions. The programme concluded with the felicitation of dignitaries, including RSS leader Yashwant Indapurkar and former Rotary Governor Virendra Gangwal, who were honoured with shawls and mementoes. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. "Get the latest news updates on Times of India, including reviews of the movie Coolie and War 2 ."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store