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Air India: insolvency request for the airline

Requested aid for 21.21 billion rupees to the owner: the Indian State

Air India -the flag carrier and owned by the Indian State- required 21.21 billion of Indian rupees (about 265 million euros) of additional capital from the New Delhi government in order to pay its suppliers and to continue to remain operational. The airline debt is about 18 billion -according to "Reuters"- and creditors have become pressing, especially after the government failed to sell 76% of the...

M/A - 1213217

AVIONEWS - World Aeronautical Press Agency
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