INSUBCONTINENT EXCLUSIVE:
The airline has invited bids from financial institutions by June 13.
National carrier Air India's employees might have to wait till next week to get their May salaries
An internal notice dated June 6 sent to employees said salaries for May were delayed and the payment is likely to be made on June 15
The carrier has also applied for a loan of 10 billion rupees to meet its expenses, an Air India spokesperson said as reported by Reuters
The airline has invited bids from financial institutions by June 13 for a short-term loan, according to an announcement on its website.Here
guarantee-backed Short Term Loan (STL).The airline has called for financial bids by June 13 and said that the amount of Rs 1,000 crore will
(ICPA) have sent a letter to the union's central committee, saying they had decided not to cooperate with the state-run carrier's management
decided that no wages on time amount to financial stress and mental agony, thereby resulting in undue fatigue which is severely affecting
operational expenses after the government failed to attract even initial bidders last week to buy a 76 per cent stake in the airline.
