Air India asks owners for $1.5B after a record $2.33B loss
Air India wants roughly $1.5 billion in fresh equity from Tata Sons and Singapore Airlines, one of its biggest funding asks since Tata took control in 2022. The request lands after Air India and Air India Express posted a combined $2.33 billion annual loss, more than double the prior year. The cash funds a costly fleet revamp, but the deeper story is a turnaround Tata's chair has said could take a decade and that is now denting Singapore Airlines' own profits.