Government-owned Air India has made a few changes to its in-flight announcement services. Now, the airline has made it mandatory for their crew to chant ‘Jai Hind’ after every announcement.
Last year the government even sought to find private owners for the airline to give it a boost. However, no players showed any interest in purchasing the debt-ridden airline. Times of India reported that in total Air India needs to pay off Rs 12,000 crore in loans- Rs 4,000 crore of working capital and rest aircraft purchase loan in 2019 to 2020.
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The Maharaja airlines had a total loan worth Rs 55,000 crore, half of which has been transferred to a special purpose vehicle to reduce its annual debt servicing of Rs 4,500 crore. A source told the publication that it will need help from the government to pay off its debts following which its annual debt servicing will be in manageable range of Rs 1,500 to Rs 2,000 crore.