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Air India Board Finalises CEO Pay and Exit Terms in Mumbai Meeting

Finalising pay and exit terms for the handover leaves investor demands over governance and funding unresolved.

Overview

  • The Air India board met in Mumbai on Tuesday to settle the incoming CEO Tewolde Gebremariam’s salary and compensation package and to review outgoing CEO Campbell Wilson’s exit arrangements.
  • Gebremariam is expected to formally assume charge later this month after the board sets the administrative and security-clearance steps needed for the handover.
  • At a recent staff town hall Gebremariam used the slogan “Make Air India Great Again” and signalled a focus on operational basics, cost discipline and stronger safety culture.
  • Singapore Airlines, which owns 25.1% and is backed by Temasek, has proposed conditions for any further capital support that could increase its governance influence and require Air India to narrow losses.
  • The leadership change takes place while the carrier manages fuel-price swings, geopolitical flight disruptions, recent operational diversions and continued scrutiny from the AI171 accident, all of which shape the new CEO’s urgent mandate.