According to reports, Air India is asking its owners, Tata Sons and Singapore Airlines, for Rs 10,000 crore ($1.14 billion) in financial assistance as it battles a number of problems, including the June fatal crash in Ahmedabad and airspace restrictions brought on by India-Pakistan military clashes in May. According to a Bloomberg story that cited sources, Air India has requested financial assistance to enhance its systems and services as well as to establish internal engineering and maintenance divisions.
Regarding the report, Air India had not yet responded. Singapore Airlines owns the remaining shares in the airline, while the Tata Group owns 74.9%. Pakistan’s airspace restrictions are anticipated to cost Air India Rs 4,000 crore in damages. Campbell Wilson, the managing director and CEO of Air India, stated earlier this week that the Aircraft Accident investigative Bureau’s (AAIB) preliminary investigative report on the AI-171 incident found no fault with the airline’s operations or procedures.
Wilson stated during the “Aviation India 2025” event that the July report found “nothing wrong” with Air India’s practices or aircraft maintenance that needed to be changed. He did, however, emphasize that the airline is still reviewing and refining its systems. The remarks were made against the tragic backdrop of the June 12 crash of Air India Flight AI-171. Shortly after taking flight, the Boeing 787 Dreamliner, which was traveling from Ahmedabad to London, crashed into a college building, killing 241 people on board and leaving just one survivor. Shortly after takeoff, the fuel supply to both engines was cut off, according to the preliminary report from the AAIB, which was made public on July 12.
