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Air India Seeks $1.5 Billion From Tata, Singapore Airlines Amid Mounting Losses

Air India Seeks $1.5 Billion From Tata, Singapore Airlines Amid Mounting Losses

Air India is seeking around $1.5 billion in fresh equity from its owners, Tata Sons and Singapore Airlines, as the airline faces mounting losses and a costly turnaround, according to a Reuters report. The funding request comes months after Air India and its budget arm, Air India Express, reported combined losses of $2.33 billion for...