Air India mulls rearranging Rs 10,000cr debt

Air India, which is operationally profitable now, is looking to rejig debt worth Rs 10,000 crore under the scheme for sustainable restructuring of bad assets floated by the Reserve Bank, reports The Hindu.
To further strengthen the ability of lenders to tackle stressed assets and provide an avenue for reworking the financial structure of entities facing genuine problems, the central bank has introduced ‘S4A.’
The Scheme for Sustainable Structuring of Stressed Assets (S4A), introduced in June this year, also came against the backdrop of rising concerns over NPAs in the banking system.
Sources told PTI that Air India is actively looking at the possibility of availing ‘S4A’ to rejig debt to the tune of at least Rs 10,000 crore.

Air India mulls rearranging Rs 10,000cr debt

Air India, which is operationally profitable now, is looking to rejig debt worth Rs 10,000 crore under the scheme for sustainable restructuring of bad assets floated by the Reserve Bank, reports The Hindu. To further strengthen the ability of lenders to tackle stressed assets and provide an avenue for reworking thefinancial structure of entities facing genuine problems,the central bank has introduced S4A. The Scheme for Sustainable Structuring of Stressed Assets (S4A), introduced in June this year, also came against the backdrop of rising concerns over NPAs in the banking system. Sources told PTI that Air India is actively looking at the possibility of availing S4A to rejig debt to the tune of at least Rs 10,000 crore.