Govt working on a policy package to help ailing airlines

New Delhi: With Air India and Kingfisher going through their worst crises, the government is working on a policy package to help the entire cash-strapped industry come out of the financial rut, official sources said today.
In order to formulate such a package, the Civil Aviation Ministry has asked all scheduled airlines, including profit-making IndiGo, to submit data on their prevailing financial position. Seven scheduled carriers, including Air India, have submitted the required information this weekend, the sources said.
The information sought by the Ministry relates to their overall financial situation, the extent of debt with financial institutions and their working capital requirements.
19/02/12 PTI/Times of India

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Categories: Indian Aviation- In General Feb 2012