Airlines of India - Is AI viable - Indian government to lend 50 billion rupees (US$1.1 billion) to AI

I wonder if AI is viable, as currently structured - as the Indian government is offering to lend the airline money, if it can cut costs signficantly. See article for details:

http://in.reuters.com/article/domesticNews/idINBOM40479320091015

I wonder if AI is viable, as currently structured - as the Indian government is offering to lend the airline money, if it can cut costs signficantly. See article for details:

http://in.reuters.com/article/domesticNews/idINBOM40479320091015

What has happened before when AI's requested bailout money .. the money gets taken. The costs dont get cut because all the staff unions go on strike.

What has happened before when AI's requested bailout money .. the money gets taken. The costs dont get cut because all the staff unions go on strike.
Praful Patel, the Civil Aviation Minister, has been talking tough - he says AI needs to cut close to Rs 8 billion of cost if they want the Rs 50 billion of bailouts ! I see one happening but not the other.

another waste of tax payer money.

Praful Patel, the Civil Aviation Minister, has been talking tough

He's been talking tough the whole time he's been Civil Aviation Minister.

And Air India/Indian Airlines has been slowly falling apart the whole time.

He's been talking tough the whole time he's been Civil Aviation Minister.

And Air India/Indian Airlines has been slowly falling apart the whole time.
I'm worried that once AI goes down, the government may try to nationalise either Jet or KF !