Business
Air India eyes Singapore Airlines executive as next CFO
Livemint·
Air India is considering a Singapore Airlines executive as chief financial officer, Livemint reported, with Tata Sons chairman N Chandrasekaran and CEO Tewolde Gebremariam supportive in preliminary talks. A three-member nomination committee would need to approve any hire. Air India Group posted a consolidated net loss of Rs 22,238 crore in fiscal 2026 versus Rs 10,859 crore in fiscal 2025.
Prism
What It Means For You
- Singapore Airlines holds 25.1 percent of Air India and already places executives in operations roles.
- Tata Sons approved a Rs 10,000 crore infusion in July, a second executive told Livemint.
- Singapore Airlines equity-accounted Air India losses cost S$ 945.2 million in its fiscal 2026.
What's Happening
- Incumbent CFO Sanjay Sharma joined in June 2024 from Tata Projects.
- CEO Goh Choon Phong sits on Air India's board; COO Basil Kwauk and engineering head Jeremy Yew are ex-SIA.
- Emails to Air India and Singapore Airlines on October 27 went unanswered, the report said.
Airline loss funding questions
- Chandrasekaran said in July the turnaround could take up to a decade.
- Singapore Airlines fiscal 2026 net profit fell 57 percent to S$ 1.184 billion year on year.
- Gebremariam replaced Campbell Wilson after Wilson cut short a five-year CEO stint this year.
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