PW Bureau
AI is believed to have made a request for the same at a meeting on May 14 that was attended by all the top bosses of agencies working under MoCA
New Delhi: Air India (AI), which is set to be disinvested, has sought the government’s permission to borrow Rs 2,400 crore from National Small Savings Fund (NSSF), a pool of small savings from households, to meet its working capital requirements. The national carrier is believed to have made a request for the same at a meeting on May 14 that was attended by all the top bosses of agencies working under the Civil Aviation Ministry. The meeting was chaired by Secretary and former AI CMD Pradeep Singh Kharola.
At the meeting, Singh is believed to have told the airline to discuss its financial issues separately. The total debt on the airline has ballooned to Rs 58,000 crore.