Monday 3 November 2025
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wn.com - 3 days ago

Air India seeks $1.1 billion lifeline from Tata, SIA amid crash aftermath: report

Air India is seeking an urgent financial infusion of at least $1.1 billion from its owners, Tata Sons Pvt. and Singapore Airlines Ltd., as the beleaguered carrier grapples with the severe fallout from a deadly plane crash and a series of operational setbacks that have derailed its turnaround plans. According to a Bloomberg report that cited people familiar with the matter, the capital is essential for a major strategic overhaul aimed at pulling the...


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