Airlines under the Tata group umbrella reported a loss of Rs 15,530 crore during FY 23 due to the inclusion of impairment charges amounting to Rs 5,103 crore related to the old aircraft of Air India (AI).
TATA Airlines Trio
Carsten Spohr said, With Lufthansa on one side & Singapore Airlines on other, Air India has the potential for something big.
Tata Group has outlined an aggressive expansion plan for Air India and Air India Express that calls for the introduction of 25 Airbus A320 Neos and six Boeing 777-200 aircraft by the first quarter of next year.
TATA Group Airlines Trio performed well from Jan-July 2022. They owns 3 airlines in India including Air India, Vistara, and Air Asia India