Air India Seeks An Additional Rs 2,121 Crore From Government To Clear Pending Payments indianexpress.com

State-owned carrier Air India has sought Rs 2121 crore ($309 million) of additional equity from the government for the fiscal year 2018-19 to make pending payments to its vendors, a source at the airline told Reuters on Monday.

Air India owes about Rs 1800 crore to its vendors, including lessors and banks that have demanded payment from the beleaguered airline, after the government’s unsuccessful efforts to find a buyer for its 76 per cent stake.