Air India plans raising $1 bn; to start 20 weekly international flights

Air India Ltd. is considering raising at least $1 billion in a funding round that could value the carrier at around $5 billion, according to people familiar with the matter.

The carrier, controlled by India’s oldest conglomerate Tata Group, is in discussions with potential investors including private equity funds and sovereign wealth funds, said the people. Air India is working with financial advisers on the fundraising, which could be completed in the next few months, the people said, who asked not to be identified as the information is private

Deliberations are ongoing and details of the funding round including size and timeline