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Name the carrier airline which has received a loan worth of Rs 1,500 crore from Bank of India to meet urgent working capital needs? 
  • a)
    Vistara
  • b)
    GoAir
  • c)
    IndiGo
  • d)
    Air India
  • e)
    SpiceJet
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Name the carrier airline which has received a loan worth of Rs 1,500 c...
Answer – 4. Air India
Explanation

Air India has received Rs 1,500 crore loan from Bank of India after the tender for the amount was floated in October 2017, in order to meet urgent working capital needs. Earlier, Air India had borrowed around Rs 3,250 crore as short tenure loans from two lenders – IndusInd Bank and Punjab National Bank. This loan was also for meeting urgent working capital needs and the tender was floated in September 2017.
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Name the carrier airline which has received a loan worth of Rs 1,500 crore from Bank of India to meet urgent working capital needs?a)Vistarab)GoAirc)IndiGod)Air Indiae)SpiceJetCorrect answer is option 'D'. Can you explain this answer?
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