Panel for Rs 50,000-cr soft loan to fund Air India's fleet

The Parliamentary Standing Committee on Transport, Tourism and Culture has recommended that the entire aircraft purchase of National Aviation Company of India (NACIL) — the entity created by the merger of Air India and Indian — be funded by the Government as a one-time soft loan. The airline has ordered 111 aircraft from both Boeing and Airbus at an estimated cost of Rs 50,000 crore (500 billion rupees)......