The Economic Times

Tata Sons readies fresh 10,000 crore bet on Air India as losses mount, but T&C apply

Tata Sons' board approved over Rs 10,000 crore for Air India's capital infusion. This significant funding is contingent upon business cases from Air India and other group companies. The airline reported substantial losses, necessitating this financial support for its transformation. Singapore Airlines also faces a decision regarding its participation in the equity raise. This capital infusion comes amid internal discussions on group strategy and financial discipline.