India Friday unveiled a 40 billion rupee ($800 million) bailout package for cash-strapped flag carrier Air India as part of the federal government’s budget for the fiscal year beginning April 1. Although the cash infusion will provide relief to the state-run carrier, which has been struggling with high fuel prices and a large debt load, the package is smaller than the 55 billion rupees that had been expected. Air India has failed to turn a profit since its merger with state-owned ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "India To Pump $800 Million Into Ailing Air India".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.