Times of India·2 min read·easy

Air India names Tewolde Gebremariam CEO and managing director

V
VIVEK DUBEY
Air India names Tewolde Gebremariam CEO and managing director
AI Summary

Air India has appointed former Ethiopian Airlines CEO Tewolde Gebremariam as its new CEO and managing director. He succeeds Campbell Wilson, who resigned following a period of slow financial turnaround for the airline.

Air India appointed Tewolde Gebremariam as its new chief executive officer and managing director. The appointment came months after Air India CEO Campbell Wilson resigned amid mounting losses and a slower-than-expected turnaround of the Tata Group-owned airline.Wilson, who had joined in July 2022, stepped down after the board accepted his resignation and remained in the role during his notice period until a successor was appointed.Meet Tewolde GebremariamTewolde Gebremariam is an Ethiopian business executive and one of Africa's most recognised aviation leaders. He served as Group Chief Executive Officer of Ethiopian Airlines Group from 2011 until 2022, overseeing a decade of rapid expansion that transformed the carrier into Africa's largest airline.During his 11-year tenure, Ethiopian Airlines grew its fleet from 33 aircraft to 130, while annual passenger numbers increased from around 3 million to 12 million before the Covid-19 pandemic. The airline also reported a rise in annual revenue from about $1 billion to $4.5 billion under his leadership. He steered the airline through the pandemic without government bailouts by expanding its cargo operations and maintaining profitability.In March 2022, Gebremariam stepped down, citing health issues that had affected him for nearly a year.Get the latest Business News and Live updates. Download the TOI app.

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →
business

Get the full story

Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.

Create free account

Already have an account? Sign in