Air India seeks $1.14 billion lifeline support from Singapore Airlines and Tata Sons
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.
