Air India needs lot of work, progress will be visible in 12-24 months: N Chandrasekaran
N Chandrasekaran, Chairman of Tata Sons, has stated that Air India, which the firm recently acquired, requires a lot of work. He went on to say that any observable progress will most likely only be visible in the following 12 to 24 months.
In an interview with the Economic Times, Chandrasekaran remarked that while he spends a lot of time directly on the airline, there are a lot of issues that “require heavy lifting.” He went on to say that IT systems, maintenance, processes, fleet, HR, training, network planning, and ground handling all demand a lot of work.
According to him, the corporation is mending the airline in a “systematic” manner and has set aside Rs 15,000 crore in equity alone. Talent, training, and the implementation of IT systems are all helping to reorganize Air India.
The chairman of Tata Sons stated that the corporation’s goal is to make the airline a flagship company that is also financially viable. The group’s low-cost carriers, Air India Express and AirAsia, will be integrated. However, he refused to comment on Vistara, saying that the organization has yet to decide whether it wants a single airline or two.
According to Chandrasekaran, the newly launched super app has a lot of work ahead of it in the next 12 to 24 months. An app is in the works, and new categories are being developed. The goal of the organization is to build a “best-in-class consumer platform.” He further stated that Tata Neu is not capital limited and that no official valuation of the company has been completed.
He stated that the group is not in a rush to attract outside investors. They could look for a strategic partner or just a financial partner, according to Chandrasekaran.