Govt to infuse 20 billion rupees into Air India

Source : REUTERS
Last Updated: Fri, Dec 07, 2012 08:01 hrs
The Air India's Dreamliner Boeing 787 is given a traditional water cannon salute by the fire tenders upon its arrival at the airport in New Delhi

India will infuse 20 billion rupees 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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