Thomas Cook Group will bring its U.K., German and Belgian airlines under a newly created segment within the group and has appointed a new management board to run the business. The move, which takes effect March 1, is part of Europe’s second-largest travel company’s turnaround plan to revive its profitability.

BENGALURU — India is trimming defense spending for its current fiscal year, which ends March 31, but Defense Minister A.K. Antony says spending on operational preparedness will not suffer. “The government is passing through a difficult phase. The recession is affecting us. There will be a cut in the capital and revenue budget. However, we will not cut the expenditure on operational preparedness,” Antony said Feb. 6 at the kickoff of the 9th Aero India exposition in Bengaluru.

NEW DELHI — India’s indigenously developed Tejas Light Combat Aircraft (LCA) needs additional modification to fly in high-altitude areas and will not be ready for operational service until 2015, India’s air force (IAF) chief says.