Air India Board of Directors meeting on May 7, discussion on selection of new chief possible

New Delhi. The board of directors of Tata Group-owned Air India, which is facing huge losses and global challenges amid the West Asia crisis, will meet in Mumbai on May 7.

The meeting may discuss cost-cutting measures, selection of a new chief executive officer (CEO), financial position and other issues. Sources said on Sunday that Tata Sons Chairman N. A meeting of the Board of Directors will be held in Mumbai on 07 May under the chairmanship of Chandrasekaran.

It is expected to discuss cost-cutting measures, financial results for the financial year 2025-26 ending March 31, and issues related to the appointment of a new CEO. However, Tata Sons and Air India did not comment on this.

Sources said the company is expected to incur a loss of more than Rs 22,000 crore in the financial year 2025-26 ending March 31, 2026. The challenges facing the company have increased further due to the West Asia crisis.

Air India is considering the option of delinking meals and lounge facilities for business class passengers from tickets as part of stringent cost-cutting measures amid rapidly rising aviation fuel prices.

As part of stringent cost-cutting measures amid rising jet fuel prices, Air India is now considering delinking meal facilities from air tickets, according to official sources.

Along with this, discussions are also being held to make the facility of ‘Lounge Access’ optional for business class passengers. Sources also clarified that these measures are only under consideration and a final decision on their implementation has not been taken.

Airspace restrictions due to the Middle East conflict are forcing airlines to take longer routes to many international destinations, increasing fuel consumption.

It is noteworthy that the selection of the new CEO is also likely to be discussed in the board of directors meeting. Singapore Airlines holds a 25.1 percent stake in the airline.