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Rediff.com  » Business » Govt to infuse Rs 2,000 crore into Air India

Govt to infuse Rs 2,000 crore into Air India

Last updated on: December 7, 2012 13:20 IST

Govt to infuse Rs 2,000 crore into Air India

India will infuse Rs 2,000 crore (Rs 20 billion) in equity into ailing state-run carrier Air India as part of a turnaround and financial restructuring plan, a government statement said on Friday.

Last year, the government approved a $5.8 billion bailout plan for the national carrier. The latest equity infusion is part of that plan.



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