Air India's Long Journey: Challenges and Transformation

Air India's transformation journey, described by Singapore Airlines' CEO Goh Choon Phong as a "long game," is fraught with challenges, including Pakistan airspace closure and rupee depreciation. The airline, co-owned by Singapore Airlines, reported significant financial losses amid these obstacles.

Despite external hurdles, Air India is making strides in its transformation program. The Tata Group-owned airline has been broadening its employee base and reducing the average age of its staff. The CEO stressed the importance of investing in India's burgeoning domestic and international markets to foster long-term growth.

Financially, Singapore Airlines announced a sharp decline in its profits, highlighting the impact of various challenges faced by Air India. With route disruptions and increased operating costs looming due to airspace closures, the airline's recovery remains a complex journey.

(With inputs from agencies.)