Govt May Exclude $7bn of Air India Debt to Attract Potential Investors

Govt is considering excluding more than half of Air India's $11bn debt to lure investors. Resuming MAX flights will become more complicated and time-consuming as per FAA guidelines.

 

AVIATION

Govt considering excluding more than half of Air India's $11bn debt to lure investors.

We've Got a Plan: In its latest attempt to lure investors to take the debt-ridden national carrier, the Central Government is reportedly considering a plan to exclude more than half of Air India’s $11bn of debt. 

 

The government plans to ask proposed investors to take over INR30,000cr of the airline’s debt, which are backed by the carrier's aircraft. The Government may call for the so-called expression of interest as early as December 15. Hindu BusinessLine

Resuming MAX flights will become more complicated and time-consuming as per FAA guidelines.

Adding to the hurdles confronting the aircraft manuacturer, the Federal Aviation Administration (FAA) has stripped Boeing of longstanding authority to perform routine, pre-delivery safety checks and signoffs of MAX planes on its own.

 

The federal regulators now intend to inspect and sign off on every jet individually before delivery to airlines. WSJ

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