According to reports, Air India faces a massive loss and debt, that amounts to Rs 67,000cr, as they hope that the government immediately decide to put in more funds.

Also, Air India's financial restructuring plan has requested another equity infusion of Rs 30,584cr by funding the principal and interest repayments for guaranteed aircraft loans around FY 2021, ahead of equity infusion and money to fund cash cuts, could take the whole equity infusion to Rs 49,920cr till the FY of 2021.

However, the debt was at Rs 46,950 crore to Rs 20,185 crore worth of aircraft loans, Rs 22,165 crore for working capital loans and unpaid dues of Rs 4,600 crore.

At present, the government has infused Rs 2,000cr in 2 tranches leading to an increase in equity base to Rs 2,145cr, but the distressed national carrier has to repay a Rs 20,415 crore worth of loans before the end of the fiscal year, which could invite a ‘loan loss provisioning ‘which banks may refuse, if not paid.

Moreover, the meeting of the Group of Ministers, taking place tomorrow is anticipated to decide on shifting the Cabinet Committee on Economic Affairs, later for extra equity infusion of Rs 1,200 crore and employ series of other steps to enhance the airline's financial position.