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Air India gets Rs 500-cr govt guarantee for fund raising

Air India gets Rs 500-cr govt guarantee for fund raising

Friday, December 20, 2019, 8:15 PM

The government has given a Rs 500-crore guarantee to cash-starved Air India which will help it secure fresh funds for operational requirements, a senior airline official said. Striving to keep afloat due to liquidity issues, the loss-making carrier had last week sought Rs 2,400 crore guarantee from the government for raising funds to mainly meet its operational requirements.
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