Air India's union representing narrow-body pilots had last month claimed that a majority of its members were defaulting on their bank loans and other financial commitments due to the salary delays.
Air India, which has been in the red for long, had a debt burden of Rs 48,000 crore at the end of March 2017.
In the current financial year, Air India has received an equity infusion of Rs 650 crore up to June
Debt-ridden Air India expects to pay lenders, jet leasing firms in two weeks; eyes fresh capital from government
Three banks and two aircraft leasing companies have reportedly served default notices on Air India over the past few weeks.
Air India would be divided into core airline business, regional arm, ground handling and engineering operations
Air India, estimated to have a debt burden of more than Rs 50,000 crore, is staying afloat on taxpayers' money and the divestment plan is aimed at reviving the airline's fortunes.
Privatisation of the Air India should in fact be "fast- tracked" to maximise investor interest and value for the government, the think tank suggested
To revive the loss-making national carrier, government is working on modalities for Air India's strategic disinvestment
Air India has a debt of more than Rs 52,000 crore and is surviving on a Rs 30,000 crore bailout package extended by UPA govt in 2012
Pradeep Singh Kharola would replace Rajiv Bansal who has been serving as interim CMD of Air India for a little over three months
Loss-making Air India, surviving on taxpayers' money, is facing tough business conditions amid stiff competition.