Financial Restructuring-plan

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Financial Restructuring-plan - Total results - 2
Debt-ridden Air India expects to pay lenders, jet leasing firms in two weeks; eyes fresh capital from government
Business

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.

Cabinet nod for Mumbai property sale but Air India way behind monetisation target
Business

Cabinet nod for Mumbai property sale but Air India way behind monetisation target

Air India is surviving on Rs 30,000 crore bailout package from the government; its debt stands at over Rs 50,000 crore and accumulated loses at over Rs 36,000 crore.