Air India’s debt rising due to competition from LCCs, high operating costs and interest burden: Hardeep Puri

Air India’s debt has been rising for last three years as it has been incurring losses for reasons such as increase in competition, especially from Low Cost Carriers (LCCs), high interest burden and operating costs, Union Aviation Minister Hardeep Singh Puri on Wednesday.

In 2016-17, 2017-18 and 2018-19, the debt figures for disinvestment-bound Air India were Rs 48,447 crore, Rs 55,308 crore and Rs 58,255 crore respectively, Puri said.