New Delhi, July 2: Air India doesn't have adequate funds to pay the salaries of their employees beyond October, according to an Economic Times report. The airline is facing upcoming debt repayment issues and government's plan to sell 100 percent stake in the company. The troubled carrier has been in the news for delaying the payment of their employees.  Reportedly, the salary for the month of May also came 10 days late. Air India Pilots Reject Airline's Decision to Revise Salary Structure, Fear 25% Pay Cut.

In another report, it was mentioned that Air India is trying to improve the balance sheet figures before the government puts up its stake for sale. The airline was thus looking to raise Rs 22,000 crore from the bond market to repay a group of lenders. Reportedly, Air India owes nearly 58,000 crore to a group of domestic and foreign lenders.

In April, the airline wanted to take 4-5 wide-body Boeing 777 aircraft of the now-grounded Jet Airways and may hold discussions for it with the airline's lead lender State Bank of India (SBI).

(The above story first appeared on LatestLY on Jul 02, 2019 10:43 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).