State-owned Alliance Air (India) (9I, Delhi International) is seeking additional funding of INR7 billion rupees (USD83.5 million), sources have told India’s Financial Express. This follows the government pumping INR6 billion (USD71.6 million) into the carrier last year, the vast bulk of which the carrier reportedly used to pay interest on its debts.
The news outlet says Alliance Air is grappling with supply chain issues and a INR40 billion (USD477.2 million) debt pile. Earlier this year, referring to Indian government…
Source: ch aviation
Read more: India's Alliance Air to seek more gov't support – report