Air India получит ₹9,558 крор от Tata и Singapore Airlines

DELHI- In a significant boost to its transformation journey, Air India (AI) received fresh capital. Two of its key stakeholders—Tata Sons and Singapore Airlines (SQ)—have injected an amount of ₹9,558 crore during the 2024–25 financial year.

The new investment was made in the joint vision of creating a globally competitive airline. This comes at a pivotal time as Air India moves deeper into its five-year turnaround strategy.

Air India Backed by Tata and Singapore Airlines

Photo: Singapore Airlines

The most recent infusion came in March 2025. Tata Sons contributed ₹3,224.82 crore, and Singapore Airlines added another ₹1,081.18 crore. These two companies together form a total of ₹4,306 crore tranche.

This builds on earlier rounds of funding in the same fiscal year, pushing Singapore Airlines’ total investment to ₹6,333.18 crore. This also includes a significant share of ₹5,252.5 crore made earlier. The funds were raised through the preferential allotment of equity shares.

The shares were priced at ₹6.1632 per share, which is well above face value. The prices signaled strong faith in the airline’s recovery potential. In exchange, Tata Sons acquired over 523 crore shares.

Singapore Airlines, at the same time, took up more than 175 crore shares. Singapore Airlines continues to maintain its long-term strategic alignment with Air India. The pricing also reflected market confidence in Air India’s trajectory, despite the airline’s continuing financial challenges.

Since its acquisition by the Tata Group in January 2022, Air India has been working to shake off decades of decline. A major milestone in its revival came in November 2024, when Air India formally merged with Vistara. That is when Singapore Airlines gained a 25.1% stake in Air India.

Still a Long Way to Go

Photo: avgeekwithlens/ Harsh Tekriwal

Despite the impressive ₹9,558 crore capital infusion and Air India’s path to revival, the airline isn’t out of the woods yet.

For the nine months ending December 31, 2024, the Air India Group recorded a substantial loss of ₹8,033 crore, even though revenue hit ₹56,367 crore. Up until now, this year’s figures haven’t fully turned positive.

However, there’s a significant development on the horizon. In the full fiscal year 2024–25, Air India reported improved results, with revenue rising nearly 14% year-on-year to around ₹61,000 crore—approximately US$7.3 billion.

Most importantly, the group achieved positive operating profit (EBITDAR), marking its first step toward profitability.

Still, the airline faces lingering challenges. Things such as supply chain delays in cabin upgrades, higher fuel and maintenance costs from ongoing fleet renewals, and increased fees and detours due to airspace restrictions.

The tragic Boeing 787-8 crash in Ahmedabad in June 2025 also adds pressure to rebuild public trust and operational resilience.

In essence, the airline’s transformation is delivering results. But reaching full group profitability will take time, planning, and continued investment. The recent profit signals genuine momentum at Air India.

Bottom Line

Photo: avgeekwithlens/ Harsh Tekriwal

Tata Sons and Singapore Airlines remain committed to seeing Air India through this turbulent period. The airline is pushing ahead with its modernization plans.

A few Boeing 787s have already flown to Singapore for refurbishment of the aircraft. The airline is also targeting global connectivity expansion and upgraded lounges in its key hubs in Delhi, Mumbai, and Bengaluru.

The airline is expecting to induct new widebodies and narrowbodies, which should help Air India serve underserved global markets.

The airline is set to receive a brand-new Boeing 787-9 Dreamliner in the near future, which is currently under production at Boeing’s facilities. This will be the airline’s first-ever Boeing 787-9 variant with its new Livery.

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