Air India's $1.1B Lifeline Comes with Conditions

Tata Sons and Singapore Airlines are reportedly close to injecting INR 100 billion ($1.1 billion) in fresh capital into Air India, contributed in proportion to their 74.9% and 25.1% stakes and released in installments tied to performance milestones. The funding follows a difficult fiscal 2026 in which Air India Group's net loss more than doubled to roughly INR 222 billion ($2.3 billion) on revenue that fell nearly 9% to INR 718 billion ($7.5 billion). The airline's recovery was set back by two major external shocks—the June 2025 crash of a Boeing 787 Dreamliner that killed more than 240 people, and the prolonged closure of Pakistani airspace, which Air India estimates costs about $423 milli…