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Equity infusion deferred, Centre to help AI raise Rs 2,000 cr from banks

Oct 19 2013, 08:34 IST
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SummaryThe finance ministry has given us in-principle guarantee to raise Rs 2,000 crore.

but to ask the government to re-evaluate the TAP,” he added.

Air India currently has over Rs 39,000 crore debt. This includes long-term loans of Rs 17,000 crore, short-term working capital loans of Rs 4,000 crore and aircraft-related debt of Rs 18,000 crore.

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