Saddled with a debt of almost Rs 50,000 crore, Air India is likely to get another loan of up to Rs 6,000 crore to meet expenses before it is sold off.
The national carrier was due to get Rs 2,500 crore this fiscal, according to the equity infusion plan and is facing a shortfall of Rs 700 crore. According to Economics Times, the government has taken measures so that it does not run out of cash. "We have obtained government guarantee to enable Air India to borrow up to Rs 6,000 crore for meeting cash deficit in the runup to disinvestment," aviation secretary R N ...
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