Shortly after the suspension of all operations for Jet Airways, Air India has got itself into some trouble. The carrier is short by around INR 90 billion! ($1.3 billion) to make repayments on debt due to the current fiscal year.
Air India needs funds to pay loans and to cover their aircraft purchasing loans. It had recently appealed to the government for once again another bailout, but with elections going on in India it is most likely going to end out with this being ignored. Either Air India will have to default on loans or prune its operations to gain some cash back. Additionally, to this, there's a slight change that bankruptcy will happen. Air India's total debt is at $7.8 Billion. However, the government offloaded more than half of the cash needed which was around $4.2 billion!
Future plans for India!
Air India is planning on adding capacity onto their existing routes operated by Jet Airways and their 777-300ER. Chairman of India, Ashwani Lohani, sent a letter to the State Bank of India, exploring the possibility of opeating five of Jet Airways grounded Boeing 777-300ER for the following routes
Mumbai - London
Mumbai - Dubai
Delhi - Dubai
Delhi - Singapore
The above routes suggested a huge loss when Jet Airways stopped flying internationally.