TODAY -
Govt mulling Rs 30,000 crore bailout package for Air India
Write Comment
E-Mail To a Friend
Facebook
Twitter 
Print Seeking to turnaround ailing Air India, Government is considering a nearly Rs 30,000 crore package for the national carrier over a period of 10 years, official sources said tonight.
According to the proposal, government is considering writing off Rs 4,500 crore cash loss of Air India, infusing additional equity of Rs 6,750 crore and Rs 17,000-18,000 crore for its fleet acquisition programme.
The bailout package is expected to roll-out over a period of 10 years, the sources said after a two-hour meeting of official from the Civil Aviation Ministry, Air India and representatives of lenders-a consortium of 14 banks led by SBI.
The lenders gave a "broad approval" to the debt restructuring plan of the cash-strapped carrier after getting the green signal from the Reserve Bank of India (RBI) last week, the sources said.
The Cabinet note, taking cognisance of the entire bailout package, will be prepared by the Civil Aviation Ministry in the "next few days".
This crucial meeting came a day ahead of the meeting of the Air India Board here.
The total debt of Air India, consisting of aircraft loans and working capital loans aggregate Rs 43,777.01 crore. The working capital loan is Rs 21,511.10 crore while the aircraft loan is Rs 21,412.06 crore, latest figures show.
The bank representatives are understood to have sought clarifications on certain regulatory issues from the RBI, the sources said, adding that they wanted to become part of a proposed committee to be set up to monitor the implementation of Air India’s overall turnaround plan.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.
RELATED
ಪ್ರಧಾನಿ ನರೇಂದ್ರ ಮೋದಿಯವರ ಕಾರ್ಯ ವೈಖರಿಯನ್ನು ಮೆಚ್ಚಿ ಬಿಜೆಪಿಯತ್ತ ಒಲವು ತೋರಿದ ಕಾಂಗ್ರೆಸ್ಸಿನ ಹಿರಿಯ ಕಾರ್ಯಕರ್ತ ಹಾಗೂ ಕೆರ್ಗಲ್ ಗ್ರಾಮೀಣ ಕಾಂಗ್ರೆಸ್ ಸಮಿತಿಯ ಕಾರ್ಯದರ್ಶಿಯಾಗಿ ಸೇವೆ ಸಲ್ಲಿಸುತ್ತಿದ್ದ ತಿಮ್ಮ ದೇವಾಡಿಗ ಅವರನ್ನು ಬಿಜೆಪಿ ಉಡುಪಿ ಜಿಲ್ಲಾಧ್ಯಕ್ಷ ಕಿಶೋರ್ ಕುಮಾರ್ ಕುಂದಾಪುರ ಅವರು ಬೈಂದೂರು ಮಂಡಲ ಕಛೇರಿಯಲ್ಲಿ ಪಕ್ಷದ ಧ್ವಜವನ್ನು ನೀಡಿ ಬಿಜೆಪ
Belgaum, May 05: Chief Minister Siddaramaiah said that if BJP gets 400 seats in the Lok Sabha elections, RSS will change the constitution and he termed this election is the second freedom struggle. He was addressing the a joint press conference organized in Belagavi today.
ಪ್ರಜಲ್ ರೇವಣ್ಣ ನಡೆಸಿದ ಮಹಿಳಾ ದೌರ್ಜನ್ಯ ಪ್ರಕರಣದಲ್ಲಿ ಸೂಕ್ತ ಕ್ರಮ ಕೈಗೊಳ್ಳುವಂತೆ ಹಕ್ಕೊತ್ತಾಯ
The parishioners of St Lawrence Church , Bondel , held a farewell programme in honour of Asst. Parish Priest Rev Fr Lancy D’Souza on Sunday, May 5 2024. The 7.00 a.m. mass was celebrated by Rev Fr Lancy D’Souza Asst parish priest , Rev Fr Andrew Leo D’Souza, Rev Fr Leo Veigas and Rev Fr Rober
Final Journey of Judith Lewis (91 years) | LIVE From Kallianpur
Rozaricho Gaanch April, 2024 - Ester issue
Final Journey Of Theresa D’Souza (79 years) | LIVE From Kemmannu | Udupi |
Invest Smart and Earn Big!
Creating a World of Peaceful Stay!
For the Future Perfect Life that you Deserve! Contact : Rohan Corporation, Mangalore.
Final Journey Of Joe Victor Lewis (46 years) | LIVE From Kemmannu | Organ Donor | Udupi |
Milagres Cathedral, Kallianpur, Udupi - Parish Bulletin - Feb 2024 Issue
Way Of Cross on Good Friday 2024 | Live From | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Good Friday 2024 | St. Theresa’s Church, Kemmannu | LIVE | Udupi
2 BHK Flat for sale on the 6th floor of Eden Heritage, Santhekatte, Kallianpur, Udupi
Maundy Thursday 2024 | LIVE From St. Theresa’s Church, Kemmannu | Udupi |
Kemmennu for sale 1 BHK 628 sqft, Air Conditioned flat
Symphony98 Releases Soul-Stirring Rendition of Lenten Hymn "Khursa Thain"
Palm Sunday 2024 at St. Theresa’s Church, Kemmannu | LIVE
Final Journey of Patrick Oliveira (83 years) || LIVE From Kemmannu
Carmel School Science Exhibition Day || Kmmannu Channel
Final Journey of Prakash Crasta | LIVE From Kemmannu || Kemmannu Channel
ಪ್ರಗತಿ ಮಹಿಳಾ ಮಹಾ ಸಂಘ | ಸ್ತ್ರೀಯಾಂಚ್ಯಾ ದಿಸಾಚೊ ಸಂಭ್ರಮ್ 2024 || ಸಾಸ್ತಾನ್ ಘಟಕ್
Valentine’s Day Special❤️||Multi-lingual Covers || Symphony98 From Kemmannu
Rozaricho Gaanch December 2023 issue, Mount Rosary Church Santhekatte Kallianpur, Udupi
An Ernest Appeal From Milagres Cathedral, Kallianpur, Diocese of Udupi
Diocese of Udupi - Uzvd Decennial Special Issue
Final Journey Of Canute Pinto (52 years) | LIVE From Mount Rosary Church | Kallianpura | Udupi
Earth Angels Anniversary | Comedy Show 2024 | Live From St. Theresa’s Church | Kemmannu | Udupi
Kemmannu Cricket Match 2024 | LIVE from Kemmannu
Naturya - Taste of Namma Udupi - Order NOW
New Management takes over Bannur Mutton, Santhekatte, Kallianpur. Visit us and feel the difference.
Focus Studio, Near Hotel Kidiyoor, Udupi
Earth Angels - Kemmannu Since 2023
Kemmannu Channel - Ktv Live Stream - To Book - Contact Here
Click here for Kemmannu Knn Facebook Link
Sponsored Albums
Exclusive
An Open ground ‘Way of the Cross’ observed in St. Theres’s Church, Kammannu. [Live-Streamed]
Udupi Bishop Most Rev. Gerald Issac Lobo Celebrates Palm Sunday at Kemmannu Church
The architect of various Churches, Schools, Hospitals and Colleges….. Msgr Denis Jerome D Souza.
Konknani Writers’ Association Literary Award Conferred on Dr. Gerald Pinto
Celebrating Love Across Languages: A Valentine’s Day Special
Udupi: Kemmannu.com Journo Richard D’Souza Felicitated by Paryaya Sri, Sri Sugunendra Tirtha Swamiji.
Let the unity of senior players be an example to the youth - Gautham Shetty - Alfred Crasto Felicitation - Match Livestream.
Bali, Indonesia: Royal Singaraja Award to Mangalorean NRI Philanthropist Dr. Frank Fernandes. [Video]
MTC - Milagres towards Community – An Outreach program on 14th December, 2023
