sg.finance.yahoo.com

Air India Seeks $1.5B Fresh Equity From Tata and Singapore Airlines

Singapore Airlines logoSingapore Airlines
Sig3.02Sen-2.48Env0.00Soc-0.26Gov-0.89

Air India is seeking about $1.5 billion in fresh equity from owners Tata Sons and Singapore Airlines after posting a record annual loss. Singapore Airlines, which owns around 25% of Air India, would need to contribute its share for the infusion tied to a multi-billion revamp and fleet refurbishment. The airline faces a Pakistan airspace ban, U.S.–Israeli war disruptions, and crash fallout, weighing on Singapore Airlines profits.

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