Air India In Near-Term Financial Distress
By Jay Menon jaymenon68@gmail.com .
New Delhi .
Cash-strapped Air India is grappling with what appears to be an inability to pay for fuel and airport usage charges at a time when it is trying to tide over several debts coupled with a huge revenue loss due to a recent strike by its pilots. But India’s government has stepped in to broker a deal to pay the bills.
Airport operator GMR, which has a controlling stake in ...
