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Capital push continues: Tata Sons and Singapore Airlines invest Rs 9,558 crore in Air India, March sees biggest boost yet

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Promoters Tata Sons and Singapore Airlines infused Rs 9,558 crore into Air India during 2024–25, with the bulk of the investment coming after the merger of Vistara and Air India in November last year, the airline confirmed on Wednesday.Air India spokesperson said the capital was raised to support ongoing transformation plans, fund capital expenditure, and meet working capital requirements, PTI reported. “Pursuant to the merger of Vistara with Air India in November 2024, the shareholders have together infused fresh capital of over Rs 9,500 crore in the fiscal year 2024–25. The said infusion is to meet the company’s requirement towards capital expenditure, working capital and growth initiatives,” the spokesperson said.As per regulatory filings accessed by business intelligence platform Tofler, Tata Sons invested Rs 3,224.82 crore while Singapore Airlines contributed Rs 6,333.18 crore over the fiscal year ending March 2025.The filings showed that on March 20, Tata Sons was allotted a little over 523 crore equity shares and Singapore Airlines over 175 crore equity shares through the preferential allotment route. The shares were issued at Rs 6.1632 apiece, including a premium of Rs 2.1632 over the Rs 4 face value.March alone accounted for Rs 4,306 crore in fresh capital, with Tata Sons bringing in Rs 3,224.82 crore and Singapore Airlines Rs 1,080.68 crore. Prior to that, Singapore Airlines had already invested Rs 5,252.5 crore during the year.Singapore Airlines acquired a 25.1% stake in Air India following the Vistara merger, part of the Tatas’ larger strategy to consolidate and revive the once-ailing national carrier. Tata Group took over Air India in January 2022.According to provisional numbers cited in the filings, the Air India Group posted a loss of Rs 8,033.1 crore (before exceptional items) on revenues of Rs 56,366.8 crore for the nine months ended December 31, 2024.The latest funding round comes amid a challenging phase for the airline, which is still grappling with the aftermath of the June 12 crash of a London-bound Boeing 787-8. The incident, involving a Gatwick flight that went down minutes after take-off from Ahmedabad, killed 270 people, including 241 passengers. One person survived.

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