Air India facing tremendous financial stress: Raju

July 23, 2015 18:18

National carrier Air India is under "tremendous" financial stress and needs to ensure that its team works in a more "cohesive" manner, Civil Aviation Minister Ashok Gajapathi Raju said today.

"Financially, if you look at Air India, it is under tremendous stress. Historically, it has got a legacy and we need to outgrow it," he said.

Air India, which is in the red, has a debt burden of around Rs 40,000 crore and is surviving on a bailout package approved in 2012. Noting that are plus and minus points, Raju said, "in certain ways, it has to still pull up its socks".

"I, for one, wish them well. We would wish and are trying to make their team more cohesive because ultimately it is the team that delivers. Unfortunately for us...Indians are excellent in thought and very difficult to work as a team," the minister said at an event.

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