Air India’s accumulated losses at FY23-end estimated at Rs 14,000 crore
Air India’s total accumulated losses at the end of the financial year 2022-23 (FY23) have been estimated at Rs 14,000 crore, According to a report by The Economic Times (ET). Sources were quoted as saying that Tata Sons invested about Rs 13,000 crore in Air India in FY23 through wholly owned subsidiary Talace.
The amount excludes the investment carved out for 470 new aircraft ordered in June from Airbus and Boeing. Tata gained ownership of Air India in January 2022 after the government privatised it.
