Air India, India's national carrier, will postpone monthly remuneration payments for the 31,000 employees due to lack of liquidity crisis instinctive of lukewarm demand and overcapacity, the company said Monday.
The senior official of Air India told that Air India is fighting of its survival. "We are in a low-fare regime. The fuel tax is going up. The number of passengers is not that high. There is excess capacity in the market," Air India spokesman said in an interview. "The situation is not peculiar to Air India. It goes across the board in India and globally."
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