New Delhi, Oct. 15 -- Air India's new chief executive, Tewolde Gebremariam, has formed a committee to explore cost-saving measures as the airline grapples with mounting losses, according to sources.

The committee, set up under Gebremariam, is examining options that include rationalising certain teams across Air India and its subsidiary, Air India Express.

Relocating office space occupied by Air India Express to bring down lease expenses is also among the measures under consideration, the sources told PTI.

The airline's board of directors is scheduled to meet on Thursday, where cost-cutting measures are also expected to be discussed. Air India did not immediately respond to queries seeking comment on the committee.

Gebremariam, a veter...