Comfort level with Air India 'complete and total': SBI

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Comfort level with Air India 'complete and total': SBI

Reuters / New Delhi 19 Jan 12 | 02:08 PM

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The comfort level of lenders with Air India is "complete and total," Pratip Chaudhuri, chairman of State Bank of India, the leader of the consortium of lenders to the state-run carrier said on Thursday.

The lenders will meet in Mumbai later in the day to discuss Air India's $4 billion debt restructuring and all options are open, he told reporters.

Indian airlines are forecast to lose up to $3 billion in the fiscal year that ends in March 2012. State-owned Air India, operating on government life support, is expected to account for more than half of that, the Centre for Asia Pacific Aviation (CAPA) has said.