Dhaka, April 16 -- India's national carrier Air India has recorded a wider-than-expected annual loss of INR 220 billion, equivalent to USD 2.4 billion, for the fiscal year ended March 31, said international media reports, citing people familiar with the matter.

The figure substantially exceeds an internal company estimate of USD 1.6 billion that some international media outlets had reported in January and represents the airline's most severe financial shortfall since its privatization by the Tata Group in 2022.

Controlling shareholder Tata Group and Singapore Airlines (SIA), which holds a 25.1% stake in Air India, are in talks to provide a capital injection. The size of any infusion remains under discussion and may fall short of the car...