Mumbai | New Delhi: Tata-owned Air India’s total accumulated losses at the end of FY23 are pegged at ₹14,000 crore, according to people with knowledge of the matter. Tata Sons, the group holding company, invested an estimated ₹13,000 crore in Air India in FY23 through wholly owned subsidiary Talace, they added.
This excludes the investment committed for 470 new aircraft ordered in June from Airbus and Boeing as the new owner embarks on the national carrier’s transformation, which includes fleet renewal, a design refresh and upgraded services to compete with the likes of Emirates and Qatar Airways.
