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https://www.businesstimes.com.sg/in...apore-airlines-funds-after-us2-4-billion-loss
Published Wed, Apr 15, 2026 · 03:34 PM
The loss for the fiscal year ended March 31 – a period punctuated by the deadly crash of a Boeing 787 Dreamliner, the closure of Pakistani airspace to Indian carriers and the Middle East conflict – is larger than US$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 – which owns 25.1 per cent in the carrier – are in talks to inject some much-needed cash, said the people, who asked not to be identified discussing private information. The size of the infusion is still being discussed but may be less than what the carrier needs, meaning Air India would have to look for other financing options, the people said.
Representatives for Tata Group and Air India didn’t respond to an email seeking comments while Singapore Airlines declined to comment.
The record loss comes at a critical juncture for Air India. Chief executive officer Campbell Wilson last week announced his intention to step down later this year. The airline was ranked worst for safety issues in the aviation regulator’s latest annual audit, and despite ambitious fleet expansion plans has struggled to lift yields and improve service to desired levels.
Stemming the losses has also been set as one of the key conditions for approving a third term for Tata Group chairman Natarajan Chandrasekaran, Bloomberg News reported in February.
The airline had started the fiscal year on a positive note, posting operating profits in the first few weeks of April 2025, the people said. That turned after Pakistan closed its airspace to Indian airlines following a brief conflict in May, forcing them into longer routes to the US and Europe.
A deadly crash in June of a Boeing Dreamliner, which killed more than 240 people, sent the carrier reeling, prompting it to reduce international and domestic services.
US President Donald Trump’s punitive tariffs on India and a crackdown on foreign worker visas also hit the carrier’s bottom line, the people said.
SEE ALSO
The rolling crises have thwarted the airline’s target to break even operationally in the fiscal year ended March 31.
Air India has also been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East – a region which accounts for 16 per cent of its total capacity and which is now largely grounded, the people said. The conflict has further impacted flights to Europe and America, which now must take longer, more costly routes at a time when jet fuel prices have surged. BLOOMBERG
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MDDI (P) 046/10/2024. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.
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Published Wed, Apr 15, 2026 · 03:34 PM
The loss for the fiscal year ended March 31 – a period punctuated by the deadly crash of a Boeing 787 Dreamliner, the closure of Pakistani airspace to Indian carriers and the Middle East conflict – is larger than US$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 – which owns 25.1 per cent in the carrier – are in talks to inject some much-needed cash, said the people, who asked not to be identified discussing private information. The size of the infusion is still being discussed but may be less than what the carrier needs, meaning Air India would have to look for other financing options, the people said.
Representatives for Tata Group and Air India didn’t respond to an email seeking comments while Singapore Airlines declined to comment.
The record loss comes at a critical juncture for Air India. Chief executive officer Campbell Wilson last week announced his intention to step down later this year. The airline was ranked worst for safety issues in the aviation regulator’s latest annual audit, and despite ambitious fleet expansion plans has struggled to lift yields and improve service to desired levels.
Stemming the losses has also been set as one of the key conditions for approving a third term for Tata Group chairman Natarajan Chandrasekaran, Bloomberg News reported in February.
The airline had started the fiscal year on a positive note, posting operating profits in the first few weeks of April 2025, the people said. That turned after Pakistan closed its airspace to Indian airlines following a brief conflict in May, forcing them into longer routes to the US and Europe.
A deadly crash in June of a Boeing Dreamliner, which killed more than 240 people, sent the carrier reeling, prompting it to reduce international and domestic services.
US President Donald Trump’s punitive tariffs on India and a crackdown on foreign worker visas also hit the carrier’s bottom line, the people said.
SEE ALSO
The rolling crises have thwarted the airline’s target to break even operationally in the fiscal year ended March 31.
Air India has also been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East – a region which accounts for 16 per cent of its total capacity and which is now largely grounded, the people said. The conflict has further impacted flights to Europe and America, which now must take longer, more costly routes at a time when jet fuel prices have surged. BLOOMBERG
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Air IndiaTataSingapore Airlines
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‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Beijing’s calculated silence on the Iran war
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
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Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
The record loss comes at a critical juncture for Air IndiaPublished Wed, Apr 15, 2026 · 03:34 PM
- Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East. PHOTO: REUTERS
The loss for the fiscal year ended March 31 – a period punctuated by the deadly crash of a Boeing 787 Dreamliner, the closure of Pakistani airspace to Indian carriers and the Middle East conflict – is larger than US$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 – which owns 25.1 per cent in the carrier – are in talks to inject some much-needed cash, said the people, who asked not to be identified discussing private information. The size of the infusion is still being discussed but may be less than what the carrier needs, meaning Air India would have to look for other financing options, the people said.
Representatives for Tata Group and Air India didn’t respond to an email seeking comments while Singapore Airlines declined to comment.
The record loss comes at a critical juncture for Air India. Chief executive officer Campbell Wilson last week announced his intention to step down later this year. The airline was ranked worst for safety issues in the aviation regulator’s latest annual audit, and despite ambitious fleet expansion plans has struggled to lift yields and improve service to desired levels.
Stemming the losses has also been set as one of the key conditions for approving a third term for Tata Group chairman Natarajan Chandrasekaran, Bloomberg News reported in February.
The airline had started the fiscal year on a positive note, posting operating profits in the first few weeks of April 2025, the people said. That turned after Pakistan closed its airspace to Indian airlines following a brief conflict in May, forcing them into longer routes to the US and Europe.
A deadly crash in June of a Boeing Dreamliner, which killed more than 240 people, sent the carrier reeling, prompting it to reduce international and domestic services.
US President Donald Trump’s punitive tariffs on India and a crackdown on foreign worker visas also hit the carrier’s bottom line, the people said.
SEE ALSO
Tata Group chair tells workers Air India faces challenging time
The rolling crises have thwarted the airline’s target to break even operationally in the fiscal year ended March 31.
Air India has also been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East – a region which accounts for 16 per cent of its total capacity and which is now largely grounded, the people said. The conflict has further impacted flights to Europe and America, which now must take longer, more costly routes at a time when jet fuel prices have surged. BLOOMBERG
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‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Beijing’s calculated silence on the Iran war
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
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MDDI (P) 046/10/2024. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
The record loss comes at a critical juncture for Air IndiaAdd BT as a preferred source
Published Wed, Apr 15, 2026 · 03:34 PM
- Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East. PHOTO: REUTERS
The loss for the fiscal year ended March 31 – a period punctuated by the deadly crash of a Boeing 787 Dreamliner, the closure of Pakistani airspace to Indian carriers and the Middle East conflict – is larger than US$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 – which owns 25.1 per cent in the carrier – are in talks to inject some much-needed cash, said the people, who asked not to be identified discussing private information. The size of the infusion is still being discussed but may be less than what the carrier needs, meaning Air India would have to look for other financing options, the people said.
Representatives for Tata Group and Air India didn’t respond to an email seeking comments while Singapore Airlines declined to comment.
The record loss comes at a critical juncture for Air India. Chief executive officer Campbell Wilson last week announced his intention to step down later this year. The airline was ranked worst for safety issues in the aviation regulator’s latest annual audit, and despite ambitious fleet expansion plans has struggled to lift yields and improve service to desired levels.
Stemming the losses has also been set as one of the key conditions for approving a third term for Tata Group chairman Natarajan Chandrasekaran, Bloomberg News reported in February.
The airline had started the fiscal year on a positive note, posting operating profits in the first few weeks of April 2025, the people said. That turned after Pakistan closed its airspace to Indian airlines following a brief conflict in May, forcing them into longer routes to the US and Europe.
A deadly crash in June of a Boeing Dreamliner, which killed more than 240 people, sent the carrier reeling, prompting it to reduce international and domestic services.
US President Donald Trump’s punitive tariffs on India and a crackdown on foreign worker visas also hit the carrier’s bottom line, the people said.
SEE ALSO
Tata Group chair tells workers Air India faces challenging time
The rolling crises have thwarted the airline’s target to break even operationally in the fiscal year ended March 31.
Air India has also been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East – a region which accounts for 16 per cent of its total capacity and which is now largely grounded, the people said. The conflict has further impacted flights to Europe and America, which now must take longer, more costly routes at a time when jet fuel prices have surged. BLOOMBERG
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Air IndiaTataSingapore Airlines
Share with us your feedback on BT's products and services
Feedback
What's moving the markets? BT knows.
Unlock full access with a premium membership.Pick a plan
Already have a subscription?
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Beijing’s calculated silence on the Iran war
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
View More
News
Companies
Wealth
Living
More
bt recommends
MDDI (P) 046/10/2024. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.
