All Articles

Air India has posted an annual loss exceeding INR220 billion ($2.4 billion), wider than expected, prompting the carrier to seek financial support from its shareholders, according to people familiar with the matter. An Air India aircraft The loss was recorded for the fiscal year ended March 31, a period marked by the fatal crash of a Boeing 787 Dreamliner, the closure of Pakistani airspace to Indian airlines, and conflict in the Middle East. The airline’s majority owner, Tata