AI seeks funds from Tata, Singapore Air
India, April 16 -- Air India Ltd. racked up a wider-than-expected annual loss of more than Rs.22,000 crore ($2.4 billion), prompting the company to seek financial aid from its shareholders, according to people familiar with the situation. The loss for the fiscal year ended March 31 - a period punctuated by the deadly crash of a Boeing Co. 787 Dreamliner, the closure of Pakistani airspace to Indian carriers and the Middle East conflict - is larger than $1.6 billion internal company loss estimate reported by Bloomberg News in January. Air India's controlling shareholder, Tata Group, as well as Singapore Airlines Ltd. - which owns 25.1% in the carrier - are in talks to inject some much-needed cash, said the people, who asked not to be identifi...
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.