Air India plans to convert passenger jets into freighters
In short
Air India plans to turn some passenger aircraft into freighters to help grow revenue. Singapore Airlines owns 25.1% of Air India.
The plan comes as Singapore Airlines faces pressure from investors over its Air India investment. Air India has been losing money, according to the source summary.
What the reporting says
Air India will convert passenger aircraft into freighters to support revenue growth, according to the headline and source summary. Singapore Airlines, which owns a 25.1% stake in Air India, has faced pressure from its investors over its decision to invest in the carrier, which has been bleeding money. The reported move signals a bid to improve the airline’s commercial performance.
Why it matters
Air India is planning to convert passenger aircraft into freighters as part of a revenue-growth push, while Singapore Airlines—its 25.1% shareholder—faces investor pressure over the investment.