Thursday, October 18, 2018

Small savings fund gives Air India Rs 1,000 crore lifeline

Earlier this month, oil companies had threatened to discontinue jet fuel supply to domestic flights of AI Group airlines — AI, AI Express and Alliance Air — at 8 cities, including some state capitals like Chandigarh, Patna, Jaipur and Lucknow. This threat was warded off after the government gave the airline Rs 1,000 crore from the NSSF.

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