AIR INDIA – WHAT TO DO AS MONEY CONTINUES TO FALL AWAY – BUY AIRCRAFT?

Once the leader of the Indian skies and now reduced to the fourth position in terms of market share, Air India is carrying a loss of Rs 15,000 crore accumulated over the last four years. It is having a massive debt burden of Rs 40,000 crore (almost equally divided between working capital and long-term loan) and to service this, it annually pays around Rs 1,800 crore as interest. In the first six months of the current fiscal year, the firm has lost Rs 3,451 crore and it owes Rs 600 crore to the Airports Authority of India (AAI). The government-owned company