Report
Air India reportedly seeks ₹10,000 crore in loans amid some lenders’ cash-flow concerns
The Economic Times reports that Air India is seeking fresh loans for operational needs. Some lenders are hesitant because of uncertain cash-flow visibility and risks.
TLDR
The Economic Times reports that Air India is looking to borrow ₹10,000 crore for operational needs. Some lenders are hesitant over uncertain cash flow and risks, while state-owned banks are willing to renew existing credit lines because of the airline’s good credit rating. The report also says Air India’s losses rose significantly in the past financial year, including foreign-exchange losses.
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