Air India is facing very critical issues in paying back the debts it holds. Officials estimate a humongous debt of Rs 55,000 /- Crores. Air India is even delaying its employees’ salaries to cope up with the debt.
The National Air carrier is losing its money year after year and still, it’s not been able to generate revenue in the mid of tough competition. It even sold some of its real estate properties to raise an estimated amount of Rs 250 crores to manage its operations.
Industry experts with such a huge debt, no airlines can sustain their business for a long period.
But at the same time, Air India has even launched a new international Flight Named as “Express” from Gujarat’s Diamond City-Surat. The Flight arrived on surat at 11:30 pm on Saturday with 75 Passengers and the passengers were received by Air India CEO Shyam Sundar and some other dignitaries along with him.
The New Flight will fly four times a week in this new route as said by the officials.
