Air India Seeks About $1.5B In Fresh Equity From Owners Tata Sons And Singapore Airlines, Wants Funds Immediately With Funding Likely In Tranches - Reuters Exclusive
NEW DELHI, Aug 25 (Reuters) - Air India is seeking about $1.5 billion in fresh equity from its owners Tata Sons and Singapore Airlines, months after the second-largest Indian airline posted a record annual loss, two
Air India needs $1.5 billion in fresh money from its owners because the airline lost a lot of money recently. When a company asks its owners for emergency cash, it shows the business is struggling and needs help to keep going.
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