Interim Budget:Rs.3,900 crore allocated for air india

Air India has been allocated Rs 3,900 crore in the budget.Air India is lagging a debt of over Rs 55,000 crore due to the competition and interest of private airlines.

In this case, Rs 3,900 crore has been allocated for Air India to lend to the interim budget presented in Parliament.

The Air India Asset Holding will be set up to build Air India’s finances and will be Rs 1,300 crore in the current year and Rs 2600 crore in the next fiscal, Air India said in a statement.