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Will carefully consider AI’s capital request: SIA
NEW DELHI: Singapore Airlines (SIA), which holds 25.1% stake in Air India (AI), Thursday said it will “carefully consider any requests for additional capital from AI, taking into consideration the group’s other capital requirements and AI’s business strategy.” A SIA spokesperson said the airline will “work with Tata Sons to support AI’s transformation programme as a significant minority shareholder.” Tatas hold the remaining 74.9% stake in AI.
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economictimes.indiatimes.com
Air India seeks $1.5 billion from owners Tata Sons, Singapore Air as losses mount, sources say
Air India is seeking around $1.5 billion in fresh equity from owners Tata Sons and Singapore Airlines to fund its turnaround, according to two people familiar with the matter. The…
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channelnewsasia.com
Air India seeks US$1.5 billion from owners SIA, Tata as losses mount: Sources
NEW DELHI: Air India is seeking about US$1.5 billion in fresh equity from its owners Tata Sons and Singapore Airlines (SIA), months after the second-largest Indian airline posted…
