Ailing Air India seeks lifeline: Airline requests Rs 10,000 crore from Tata, SIA amid losses
Air India is seeking at least ₹10,000 crore ($1.1 billion) in financial support from its owners, Tata Sons and Singapore Airlines (SIA), said people familiar with the matter, as the airline grapples with the aftermath of a deadly plane crash, among other challenges, Bloomberg News reported on Thursday.
The request includes funds for overhauling Air India’s systems and services as well as developing in-house engineering and maintenance departments, some of the people said, requesting not to be identified as the information is not public.
