Air India confident bankers will approve debt restructuring.

Byline: Debabrata Das

Even as 30,000 plus employees of Air India set out to wear black arm bands to draw attention to the financial problems in the national carrier, the airline officials expect its lenders to clear the debt restructuring proposals which will reduce the airline's yearly debt burden by Rs 1,400 crore.

"From what we are given to understand, the consortium of bankers is going to clear the debt restructuring plan," an Air India official told Business Line. However, the official did not give a timeline as to when the restructuring plan will be cleared.

committee

Air India's debt restructuring plans have also got a shot in the arm with …