When do Air India’s losses become too much?
Air India is seeking a further US$1.5 billion in support from owners Tata Sons and SIA just months after it posted a record annual loss, sources told Reuters.
An SIA spokesperson said last week the board would “carefully consider any requests for additional capital from Air India, taking into consideration the group’s other capital requirements and Air India’s business strategy”.
The question for SIA is therefore not simply whether Air India is losing money now, but how much it is prepared to invest before the potential returns no longer justify the additional risk.
DBS analyst Jason Sum said in July…
Read the full article at CHANNELNEWSASIA.COM
