Air India officials will be meeting government officials to discuss about the bailout ahead of the Union Budget which will be presented on Jul 6.
The airline which was relatively unaffected by the economic crisis admitted to facing a resource crunch a few weeks back. This was made evident when it delayed the payment of salaries and incentives for the month of June. Before this the airlines had not resorted to any sort of measures to cut costs or indulged in lay offs.
According to Centre for Asia Pacific Aviation (CAPA), the industry will be losing around 2 billion dollars this year.