Overview

• Tata Sons will allocate ₹500 crore to launch the AI171 Trust supporting families of the more than 270 people who died when Flight 171 crashed on June 12.
• Tata Trusts is expected to match Tata Sons’ contribution, creating an initial ₹1,000 crore endowment for community relief and victim assistance.
• Air India has begun interim payouts of ₹1.25 crore per deceased passenger as total compensation claims could reach $475 million driven by international liability estimates.
• The carrier has cut 15% of its wide-body flights to complete enhanced safety inspections and is fully cooperating with Indian, U.S. and U.K. investigators.
• The new trust will also fund renovation of Ahmedabad’s B.J. Medical College, where survivors were treated after the Boeing 787-8 disaster.