Air India has reportedly sought financial assistance of around 10,000 crore ($1.14 billion) from its parent companies, Tata Sons and Singapore Airlines, as it grapples with a series of crises, including the fatal Ahmedabad crash in June and airspace restrictions triggered by India–Pakistan military tensions in May.
According to a Bloomberg report citing sources, the requested funds would be used to upgrade Air India’s systems and services, as well as to establish in-house engineering and maintenance units. The airline has yet to issue an official comment on the report.
Tata Group currently holds a 74.9% stake in Air India, while Singapore Airlines owns the remaining 25.1%. The carrier is expected to suffer losses of about 4,000 crore due to Pakistan’s ongoing airspace restrictions.
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Earlier this week, Air India’s Managing Director and CEO, Campbell Wilson, referred to the Aircraft Accident Investigation Bureau’s (AAIB) preliminary findings on the AI-171 crash, noting that the report found no shortcomings in the airline’s operations or maintenance practices.
Speaking at the Aviation India 2025 summit, Wilson said the July report concluded there was “nothing wrong” with Air India’s procedures or aircraft maintenance requiring changes. He added that the airline continues to reflect and improve:
”Anything that happens in the industry, whether that’s us or others, is a cause for introspection and reviewing practices,” he said.
“The interim report indicated that there was nothing wrong with aircraft engines or practices that required changing. But, of course, we’re always looking at how we can keep improving, keep getting better, and keep learning.”
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The comments come in the aftermath of the tragic crash of Air India Flight AI-171 on June 12. The Boeing 787 Dreamliner, en route from Ahmedabad to London, crashed into a college building shortly after takeoff, killing 241 people on board and leaving only one survivor.
The AAIB’s preliminary report, released on July 12, found that fuel supply to both engines was cut off shortly after takeoff.