Air India Seeks $1.5 Billion From Tata, Singapore Airlines

Air India has requested approximately $1.5 billion in fresh equity from its owners, Tata Sons and Singapore Airlines, as the carrier's financial losses continue to mount during its ongoing transformation. The request, which would be one of the airline's largest publicly reported shareholder funding rounds since Tata Group took control, comes after Air India and its budget unit, Air India Express, posted combined losses of 2.33 billion for the fiscal year ended March 2026, more than double the prior year's deficit.

The funding is sought in the form of fresh equity and is expected to be provided in stages. Discussions are ongoing, and no final decision has been made, according to people familiar with the matter. Singapore Airlines, which owns about a 25 percent stake in Air India, is expected to participate in the funding exercise in proportion to its holding. A Singapore Airlines spokesperson said the board would carefully consider any requests for additional capital from Air India, weighing the group's other capital requirements and the Indian airline's business strategy.

The request highlights the significant financial demands of Air India's multibillion-dollar revamp, which...