✈️Air 🇮🇳India has asked the Government for 💰₹4,300 crore💰 for the 2016-2017 financial year to be able to face increasing competition in the airline industry. Officials claim the request comes as the 🇮🇳 Rupee has depreciated against the 🇺🇸US $, and have stated that the amount could have been higher if fuel prices were not so low😅. The airline is mired in debt and is struggling to hire A320 crew, who are leaving to pursue careers with competitive domestic✈️ airlines.
The airline is surviving on a Rs 30,231 crore bailout package extended by the previous UPA government in 2012. Under the Turnaround Plan (TAP), which runs till March 2021, it has already received Rs 22,280 crore.