The Civil Aviation Ministry has recommended an equity infusion of Rs 2,000 crore (Rs 20 billion) in Air India in the next financial year after the beleaguered national carrier gets Rs 1,200 crore soon.
"Equity infusion of Rs 1,200 crore in Air India is expected in a few days... We have asked from the government further equity infusion of Rs 2,000 crore to be provided in the coming year's budget," Civil Aviation Minister Praful Patel told reporters on the sidelines of a function to induct the first seaplane by Pawan Hans Helicopters Limited.
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Air India Express.
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