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Air India owes over Rs 4,277 cr in unpaid fuel bill

Last Updated: Friday, March 08, 2013, 17:55

National carrier Air India owes over Rs 4,277 crore in outstanding jet fuel (ATF) bills to state-owned oil companies, the largest overdue payment by any domestic air carrier.

US airlines sue Eximbank for giving loan guarantee to Air India

Last Updated: Monday, February 20, 2012, 13:17

The US airline industry has sued the Export Import Bank (Exim) alleging that its financial support to Indian national carrier Air India, which itself is in deep red, will harm the American airlines.

Govt owes Rs 110 crore to Air India for VVIP flights

Last Updated: Sunday, January 15, 2012, 14:51

The national carrier, which is facing financial crunch, has pending bills of 12 special flights for the President, the Vice-President and the Prime Minister which amount to over Rs 110 crore.

RBI okays Air India's debt restructuring plan

Last Updated: Saturday, January 07, 2012, 21:13

The Reserve Bank has approved debt-ridden national carrier Air India's financial restructuring plan, which would enable banks to amortise their provisional losses over 29 quarters, a senior Air India official said here on Saturday.