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MoS Aviation confirms revival plan for Air India to be ready in 2-3 weeks


New Delhi, Nov 20: Minister of State for Civil Aviation on Tuesday confirmed that the revival plan for Debt-laden national carrier Air India Ltd will be ready in 2-3 weeks.

MoS Aviation confirms revival plan for Air India to be ready in 2-3 weeks

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Air India has a net debt of more than ₹55,000 crore. It includes a working capital debt of more than ₹35,000 crore, and aircraft debt of around ₹20,000 crore.

Currently, Air India has 27 Boeing 787-8 aircraft, of which 21 are already leased through sale and leaseback model. The airline owns 15 Boeing 777-300ER aircraft. It has a total of 49 widebody aircraft.

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