Tata Sons and Singapore Airlines are close to providing INR 100 billion ($1.1 billion) in fresh financial support to Air India, according to Bloomberg, citing people familiar with the matter.
The funding would be tied to performance milestones and released in installments, a sign that Air India’s owners are willing to keep funding the revival, but increasingly want results in return.
The money would be contributed according to the shareholders’ stakes: Tata Sons owns 74.9% of Air India, while Singapore Airlines holds 25.1%. Air India did not respond to Skift’s request for comment.
The proposed capital injection comes after a year that has sharply set back Air India’s recovery. Air India Group reported a combined net loss of about INR 222 billion ($2.3 billion) in fiscal 2026, more than double the INR 108 billion ($1.1 billion) loss a year earlier. Revenue fell nearly 9% to INR 718 billion ($7.5 billion).
The contrast is stark. Tata So
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