New Delhi, Oct 31 (IANS) Air India is reportedly seeking Rs 10,000 crore ($1.14 billion) in financial aid from its owners Tata Sons and Singapore Airlines, as it fights multiple issues such as the deadly crash in Ahmedabad in June and airspace restrictions owing to India-Pakistan military confrontations in May.
The Air India’s request for financial help includes funding to upgrade its systems and services and to build in-house engineering and maintenance departments, according to a report from Bloomberg, citing sources.
Air India was yet to comment on the report.
While the Tata Group has a 74.9 per cent stake in the carrier, the remaining is held by Singapore Airlines.
Air India is expected to incur losses worth Rs 4,000 crore after Pakistan’s airspace restrictions.
Air India’s Managi

 Ten News
 Ten News
 Vartha Bharati
 Vartha Bharati News9
 News9 DNA India
 DNA India Newsweek Top
 Newsweek Top AlterNet
 AlterNet Raw Story
 Raw Story