Bankers to firm up debt recast for AI, aviation industry

New Delhi: Bankers will meet later in the week to work out a debt restructuring plan for Air India and the ailing civil aviation industry, State Bank of India (SBI) Chairman Pratip Chaudhuri said here today.
"We have agreed to work out a restructuring plan for both Air India and the civil aviation industry together. Within this week itself, all the banks are meeting at the highest level along with SBI Caps, who are advisor to Air India," he told reporters after a meeting with Finance Minister Pranab Mukherjee.
The bankers, he said, would also be talking to the Air India management and look at various options for debt restructuring of the national carrier.
17/01/12 PTI/Daily News & Analysis

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Categories: Air India Jan 2012