Aviation: Govt to allocate Rs 3,900 cr to service Air India debt
As per a Budget document, the provision has been kept for "servicing of loan transferred to the special purpose vehicle as a result of financial restructuring of Air India".
The national carrier has been in the red since its merger with Indian Airlines in 2007. Air India is staying afloat on a bailout package extended by the previous UPA regime in 2012. Image source: Reuters