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Tata Sons and Singapore Airlines Infuse Rs 9,558 Crore Into Loss-Making Air India

Funds will underpin Air India’s growth plan despite mounting losses after a deadly Boeing 787 crash

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Overview

  • Tata Sons contributed Rs 3,224.82 crore and Singapore Airlines invested Rs 6,333.18 crore through preferential share allotments in fiscal 2024-25.
  • The fresh capital is earmarked for capital expenditure, working capital and expansion under the five-year transformation plan launched in January 2022.
  • The November 2024 merger of Vistara with Air India awarded Singapore Airlines a 25.1% stake in the combined carrier.
  • Air India reported a loss before exceptional items of Rs 8,033.1 crore on revenues of Rs 56,366.8 crore for the nine months ended December 31, 2024.
  • The airline is investigating the June 12 crash of its London-Gatwick-bound Boeing 787-8 that killed 270 people, including 241 onboard, with one survivor.