{"id":306559,"date":"2019-12-21T10:10:11","date_gmt":"2019-12-21T04:40:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306559"},"modified":"2019-12-21T10:13:46","modified_gmt":"2019-12-21T04:43:46","slug":"in-relief-for-air-india-govt-gives-rs-500-cr-guarantee-to-secure-funds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/in-relief-for-air-india-govt-gives-rs-500-cr-guarantee-to-secure-funds\/","title":{"rendered":"In relief for Air India, govt gives Rs 500 cr guarantee to secure funds"},"content":{"rendered":"<p>The government has given a Rs 500-crore guarantee to cash-starved Air India which will help it secure fresh funds for operational requirements, a senior airline official said. <\/p>\n<p>Striving to keep afloat due to liquidity issues, the loss-making carrier had last week sought Rs 2,400 crore guarantee from the government for raising funds to mainly meet its operational requirements. <\/p>\n<p>&#8220;The government has extended Rs 500 crore guarantee to Air India. It was provided the airline on Wednesday,&#8221; the official told PTI. <\/p>\n<p>The sovereign guarantee will help the airline secure some funds, a part of which has already been drawn, he said adding,&#8221; Air India is already in discussions with the banks.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government has given a Rs 500-crore guarantee to cash-starved Air India which will help it secure fresh funds for operational requirements, a senior airline official said. Striving to keep afloat due to liquidity issues, the loss-making carrier had last week sought Rs 2,400 crore guarantee from the government for raising funds to mainly meet its operational requirements. &#8220;The government has extended Rs 500 crore guarantee to Air India. It was provided the airline on Wednesday,&#8221; the official told PTI. The sovereign guarantee will help the airline secure some funds, a part of which has already been drawn, he said [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-306559","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=306559"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306559\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}