The airline was losing Rs 20 crore each day with its debt having mounted to Rs 65,562 crore by August, 2021. As a result, it had lost more than Rs 5,000 crore each year since 2016. Its accumulated losses of Rs 70,875.98 crore resulted in the complete erosion of the net worth of the company. 

 The Air India also has outstanding employee dues of Rs 1,332 crore as per the Justice Dharmadhikari report with employee benefit expenses being above Rs 3,000 crore each year. 

Source: Air India sale opens up a brighter future for aviation