Air India seeks $1.5bn from Tata, SIA as Pak airspace ban, Middle East war hit operations
Air India is seeking about $1.5 billion in fresh equity from owners Tata Sons and Singapore Airlines , months after the airline reported a record annual loss, according to a report by Reuters.
The funding request would be one of Air India's largest publicly reported calls on its shareholders since the Tata Group took control of the former state-owned carrier in 2022, underscoring the financial strain of its multibillion-dollar turnaround.
The funding request would be one of Air India's largest publicly reported calls on its shareholders since the Tata Group took control of the former state-owned carrier in 2022, underscoring the financial strain of its multibillion-dollar turnaround.
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