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Article: India : Air India to get Rs 5,000 cr equity infusion in 3 years.
- Article from:
- TendersInfo
- Article date:
- August 31, 2009
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Byline: pinto03
Cash-strapped Air India may get a fresh lease of life with the government agreeing to infuse a performance-linked equity of Rs 5,000 Top 15 global airlines
Top performing airports
Wackiest aircrafts
crore over the next three years into the state-owned airline.
A committee of secretaries (CoS) headed by Cabinet secretary KM Chandrasekhar considered Air India s proposal on Saturday to inject capital and provide soft loan, a person close to the development said.
The government would support the airline in meeting its short- and medium-term capital requirements. The CoS has agreed to increase the equity ...