GoM meet for Air India’s financial situation

GoM meet for Air India’s financial situation

The group of ministers (GoM) led by Finance Minister Pranad Mukherjee, will meet today to discuss Air India’s financial situation. According to an Air India official, the GoM would primarily look into the airline’s performance as well as consider granting an additional equity to the flag carrier. “The GoM would also consider a proposal of converting some of our short-term loans into long-term loans, thereby allowing us to save INR900-1,000 crore in interest payments per annum,” the airline official told Economic Times.

Gary Marshall
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