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Air India is seeking at least 100 billion rupees ($1.14 billion) in financial support from owners Singapore Airlines and Tata Sons
Air India
Air India is seeking at least 100 billion rupees ($1.14 billion) in financial support from owners Singapore Airlines and Tata Sons, Bloomberg News reported on Thursday, citing people familiar with the matter.
The development follows a deadly Air India crash in June that killed more than 240 passengers, plunging the carrier into its worst crisis and complicating its push to restore its reputation and modernize its fleet. The Tata Group-owned carrier is requesting funds to overhaul Air India’s systems and services as well as developing in-house engineering and maintenance departments, the report said.
Any financial support would be proportional to ownership, Bloomberg said, adding that the owners would decide if the funding will be an interest-free loan or via equity. Tata Group, which bought Air India in 2022, has a 74.9% stake in the airline, with Singapore Airlines holding the rest.
Reuters could not immediately verify the report.
Air India, Singapore Airlines and Tata Sons did not immediately respond to Reuters’ requests for comment. Earlier this week, Air India’s CEO vowed to improve the carrier’s internal practices.
($1 = 87.8950 Indian rupees)
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters)
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
October 31, 2025, 09:09 IST
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