SIA Group, the parent company of Singapore Airlines, has announced strong financial results for the fiscal year 2024/25. The group achieved a net profit of $2.1 billion, a 3.9% increase year-on-year, largely driven by a one-off, non-cash accounting gain of $846 million arising from the merger of Air India and Vistara. Total revenue climbed 2.8% to $15 billion, while cash and bank balances…
Air India, through its wholly owned subsidiary AI Fleet Services, has completed the acquisition of six Boeing 777-300ER aircraft that were previously operated under lease agreements. The aircraft, with serial numbers 39686, 39687, 39688, 39689, 39690, and 41701, were purchased in advance of their scheduled lease expirations in 2026, signaling a strategic move to consolidate fleet ownership.
Air India has commenced a wide-ranging $400 million fleet interior refurbishment program, aiming to enhance passenger comfort and modernize its in-service aircraft. The project covers a total of 67 aircraft, with the work scheduled over a two-year period as the airline undergoes a brand transformation under Tata Group ownership.
Air India has announced a restructuring of its leadership within subsidiary Air India Express (AIX), as part of ongoing governance realignment across the Tata Group’s aviation ventures. Campbell Wilson, the Group CEO of Air India, will step down as Chairman of AIX, with responsibilities handed over to two senior executives already embedded in the company’s leadership structure.
Air India is evaluating a substantial multi-billion dollar order for new widebody aircraft, reportedly involving between 30 and 40 jets from both the Airbus A350 and Boeing B777X families. Sources indicate that the potential deal could ultimately exceed 50 aircraft.
Air New Zealand and Air India have entered into a new codeshare partnership and signed a Memorandum of Understanding (MOU) aimed at exploring the feasibility of establishing direct flights between India and New Zealand.
Air India CEO Campbell Wilson announced plans to complete upgrades of all legacy widebody aircraft by mid-2027. Additionally, repainting and refurbishing of Vistara aircraft are expected to conclude within the next 1.5 years.
Air India CEO Campbell Wilson anticipates that the global shortage of aircraft, which is currently hampering airline growth worldwide, will continue for at least the next four to five years.
Air India and Virgin Australia have entered into a new codeshare partnership, enhancing connectivity between India and Australia. This agreement enables Air India to place its ‘AI’ flight code on select Virgin Australia domestic and regional flights, offering seamless travel options for passengers.
Air India and Kenya Airways have officially signed a codeshare partnership, strengthening their existing interline agreement and expanding connectivity between India and Africa. The new arrangement will allow passengers to book flights seamlessly across both airlines, increasing travel options between the two regions.
