Air India may raise loans against Rs 2,500 crore GoI guarantee
NEW DELHI: State-run Air India hopes to meet its fund requirements by raising loans against the government guarantee for Rs 2,500 crore and run its business smoothly till the sale process concludes.
“We have not decided on further loans from banks. We have the Government of India (GoI) guarantee for Rs 2,500 crore and if needed, we may raise some loans,” said a top Air India official wishing not to be named.
The airline has been put on the block by the government as part of its disinvestment target in FY20. A ministerial panel led by Home Minister Amit Shah is likely to decide the terms of sale in coming weeks.
