Air India seeks Rs 100 bn from Tata Motors, Singapore Airlines over plane crash fallout: Report

Air India’s troubles appear to be deepening after the tragic air crash in Ahmedabad. According to a Bloomberg report, the airline has asked its parent companies, Tata Sons Pvt. and Singapore Airlines Ltd., for financial support of around Rs 100 billion.

Air India struggles to reach break-even, seeks funding from owners

The report, quoting people familiar with the situation, said the airline is struggling with the aftermath of the crash while also dealing with other operational challenges. The funding request is said to include plans to upgrade Air India’s systems and services, and to build its own in-house engineering and maintenance units. The sources asked not to be named, as the discussions are private.