Tata plans to raise ₹15,000 crore working capital debt for Air India


- Advertisement -

Tata group is in discussion with banks to raise working capital loans worth ₹15,000 crore for Air India, according to a report. The capital will be used to pay aircraft rentals, refurbish the fleet, cover day-to-day air operations and losses and overhaul IT operations, it said. Air India was taken over by Tata group in January 2022 for ₹18,000 crore.

Total Views: 39 ,
- Advertisement -

Share post:


More like this

Bitcoin tops $40,000 for first time since May 2022 as momentum builds

Bitcoin has broken above $40,000 for the first time...

Toyota plans to expand battery EV line-up in Europe to 6 models by 2026

Toyota Motor said on Monday it would increase its...

Arnold lends support to families of Israeli hostages

Former California Governor Arnold Schwarzenegger on Friday met relatives...

Exclusive: Boeing eliminated from US Air Force’s ‘Doomsday Plane’ competition

The U.S. Air Force has eliminated Boeing from its competition...