....If this year has been marked by acrimony, 2010 was a period of bonhomie between the airline and its lenders. In a controversial decision in November 2010, public sector banks, failing to read the signs of a financially sick airline, restructured Rs 7,650 crore of debt, converting a portion of it into preferential shares. The banks announced a two-year moratorium on the repayment, reduced interest and additional funding. After the restructuring, the airline’s total debt fell to Rs 6,300 crore............
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