Mumbai: Air India, which has transferred interest payment liabilities of ₹29,000 crore of its total debt to a special purpose vehicle (SPV), has suggested that the government refinance ₹20,000 crore debt by 31 March.
The move, if successfully implemented, will significantly reduce interest payment on these loans, a senior official of the airline said on Tuesday.
The airline transferred its interest payment liabilities on debt to the SPV in October and is awaiting bank approvals for transferring debt of up to ₹29,000 crore to the SPV.
