a day ago
Deadly Air India Crash Puts Ambitious Turnaround Plans at Risk
Air India Ltd.'s ambitious plans to transform itself from a stale, financially troubled carrier into a profitable world-class airline face their biggest test yet after the deadliest aviation accident in more than a decade.
India's flag carrier had long languished under government ownership, gaining a reputation among travelers for shabby in-flight services. But its 2022 takeover by Tata Group, which paid 180 billion rupees ($2.1 billion) to buy back the airline it founded in 1932, kickstarted a five-year reinvention aimed at returning Air India to its former glory and take on the world's biggest and best carriers in international routes.
