Airline

Tata Group to raise $1.8bn for Air India modernisation plan

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Tata Group to raise $1.8bn for Air India modernisation plan

The Tata Group is planning to raise around $1.8 billion in working capital loans for Air India as a part of its airline modernisation plan. According to sources, the capital raised will be used for daily operations, aircraft rentals, and refurbishment, among other things. The Group has ambitious pl...

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