AI Express to invest Rs 633 crore for revamp

NEW DELHI: Air India Express will invest $70 million (Rs 633 crore) on product upgrade and standardisation as the LCC is going to reposition itself between a low cost and a full service carrier.Sources say the $70 million programme is to upgrade its legacy fleet and standardise the 50 white tails (made for some other airline but inducted by AI Express) B737 MAX.While H1 FY26 was tough, the airline expects a profit in H2 of this fiscal. However, FY 26 is likely to be in the red for AI Express.