New Delhi: Cash-strapped Air India has got just enough funds to survive till the next government takes over and takes a call on how the ailing Maharaja survives. FM P Chidambaram allocated Rs 5,500 crore to AI in Monday's interim budget, which still leaves the airline with an overall shortfall of Rs 2,500 crore in equity infusion.
The government has so far infused Rs 12,200 crore into AI which had aircraft and working capital loans of Rs 26,033 crore and Rs 21,125 crore, respectively, on December 31, 2013. It is expected to post a loss of almost Rs 4,000 crore this fiscal.
18/02/14 Times of India
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The government has so far infused Rs 12,200 crore into AI which had aircraft and working capital loans of Rs 26,033 crore and Rs 21,125 crore, respectively, on December 31, 2013. It is expected to post a loss of almost Rs 4,000 crore this fiscal.
18/02/14 Times of India
