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Debt Laden Air India gets Rs. 1,500 Crore Loan from Bank of India
Posted on: 13-11-2017 , 12:02:PM | DY365 Bureau

 Image for representational purpose only. Source : Internet

India’s own Airlines, Air India, which is currently under heavy financial crisis, finally received a loan amount of Rs.1500 Crore from Bank of India to meet urgent working capital needs.

The debt ridden airlines have been working on ways to reduce its debt, including by way of selling non-core assets and expanding operations.

The Airlines in recent times has published tenders regarding requirement of a loan amount, according to an official.

 
 

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