New Delhi: The board of state-run Air India met on Friday to consider the airline's serious financial difficulties, which include pending flying allowances to pilots.
Officials remained tight-lipped about the issues discussed at the board meeting, which was attended by newly appointed independent director Y.C. Deveshwar, chairman of ITC.
Sources said financials and a plea to the government to either write off a part of its debt or to help the airline restructure its loans were discussed.
The government is also expected to consider possible equity infusion. The airline is also weighing plans to sell off some assets.
18/08/18 Telegraph
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Officials remained tight-lipped about the issues discussed at the board meeting, which was attended by newly appointed independent director Y.C. Deveshwar, chairman of ITC.
Sources said financials and a plea to the government to either write off a part of its debt or to help the airline restructure its loans were discussed.
The government is also expected to consider possible equity infusion. The airline is also weighing plans to sell off some assets.
18/08/18 Telegraph
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