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Air India wants to delay hundreds of jet deliveries - sources

Air India wants to delay the delivery of hundreds?of jets ordered from 'Airbus and Boeing' in order to cut costs, according two people familiar with the situation, who confirmed a Bloomberg article.

Air India and Boeing did not respond to a request for comment.

Air India, under the new majority owners Tata Group, placed a record-breaking order in 2023 for a total 470 Jets. It also leased another 25 jets.

Airline faces increasing losses and operational disruptions due to the conflict in Iran, which is compounded by Pakistan's ban on airspace and a crisis following a deadly Boeing 787 crash a year ago.

Air India last week?cut?flights from several routes citing airspace restrictions as well as record jet fuel prices.

Bloomberg News reported that Air India was looking to postpone plans for expansion, reduce flights and defer deliveries after Tata Group instructed it to concentrate on reducing record losses. Reporting by Tim Hepher. Mark Potter edited the article.

(source: Reuters)