Air India reduces debt by ₹5,000 crore in 2015-16
State-run carrier Air India, which turned operationally profitable for the first time in a decade, has reduced debt by over ₹5,000 crore in the 2015-16 fiscal, a senior official said. The airline's debt now stands at around ₹46,000 crore. This comes amid the airline working toward becoming fully profitable under its 10-year turnaround plan. 