Air India to request more government help

Although Air India has already been infused with Rs 1,200 crore to help pay down its debt, indications are that the airline will need to ask for another Rs 2,000 crore from the Indian government in the next financial year to repay its massive debt. Official estimate shows that the airline would require Rs 3,000-Rs 4,000 crore annually to pay off its debt. The debt carries a monthly interest average of Rs 200 crore, while the debt each month stands at about Rs 300 crore. With this considered, the airline is expected to request another tranche of Rs 2,000 crore