NEW DELHI: Facing acute financial crunch, Air India has sought Rs 2,400 crore guarantee from the government to raise fresh funds to mainly meet its operational requirements, according to airline officials.
One of the officials said there is a delay in payment of salaries for the month of November and is expected to be paid on Thursday.
The government is in the process of finalising the contours for divestment of debt-laden Air India.
The officials said the airline has asked for Rs 2,400 crore sovereign guarantee in order to raise money to mainly meet its operational requirements.
