The total debt of cash-strapped Air India, consisting of aircraft and working capital loans, is Rs 43,777 crore (Rs 437.77 billion) and the government has infused Rs 3,200 crore (Rs 32 billion) equity to help the airline, Civil Aviation Minister Vayalar Ravi said on Thursday.
Apart from it, the beleaguered national carrier owes Rs 3,777 crore (Rs 37.77 billion) to airport operators, oil marketing companies, other vendors, interest on working capital loan, interest of IDBA aircraft loans and employee's wage.
"Air India owes Rs 2,300 crore (Rs 23 billion) to public sector oil marketing companies, Rs 480 crore (Rs 4.8 billion) as interest on working capital loan, Rs 200 crore (Rs 2 billion) as interest on IDBA aircraft loans, Rs 350 crore (Rs 3.5 billion) towards employees wages, Rs 367 crore (Rs 3.67 billion) to other vendors and Rs 75 crore (Rs 750 million)
Stay away from the RSS, Digvijay warns Sri Sri Ravi Shankar
Meet the new crown prince of the Tata group
The right time to tie the knot? Here is Young India's take!
26/11 case: Pak court records FIA officer's statement
Ravi Pillai: Amazing journey of the 'Ambani of the Gulf'