Air India seeks $1.5bn from Tata, SIA as Pak airspace ban, Middle East war hit ops

Air India is seeking $1.5 billion in fresh equity from Tata Sons and Singapore Airlines after reporting a record $2.33 billion lossAir India is seeking about $1.5 billion in fresh equity from owners Tata Sons and Singapore Airlines, months after the airline reported a record annual loss, according to a report by Reuter

NEW DELHI: Air India is seeking about US$1.5 billion in fresh equity from its owners Tata Sons and Singapore Airlines (SIA), months after the second-largest Indian airline posted a record annual loss, two people familiar with the matter told Reuters.It would be one of Air India's largest publicly reported requests for

EXCLUSIVE: Air India seeks $1.5 billion from owners Tata, Singapore Air as losses mount, sources say  Reuters

Chennai and Hyderabad were the worst hit, with both airports recording declines of close to 20 per cent in flight operations during the two-month period.