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 stake sale: Govt on 'wait and watch' mode for next three-four months, says union minister Nitin Gadkari
The government's proposed stake sale in Air India failed to attract any initial bidder when the deadline for bidding ended on 31 May
On the disinvestment process, Jayant Sinha said the government is still in the process of identifying which subsidiaries of Air India should be offered separately.
Following a suggestion by NITI Aayog, the government is endeavouring to privatise Air India
Junior civil aviation minister told Lok Sabha that no directive has been given to Air India on whether to cut out non-vegetarian meals from domestic flights
Citing provisional figures, Sinha said Air India's total debt stood at Rs 48,876.81 crore at the end of March 2017
Air India has to pay about Rs 500 crore each month in interest or about Rs 16.5 crore each day of the year as interest outgo