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Govt to infuse Rs 800 cr as first tranche of equity in AI
Updated On: 15 November, 2009 10:07 AM IST | | PTI
Air India is likely to receive about Rs 800 crore as the first tranche of equity infusion from the government by December, Civil Aviation Minister Praful Patel said.
Air India is likely to receive about Rs 800 crore as the first tranche of equity infusion from the government by December, Civil Aviation Minister Praful Patel said.
In turn, the government would review the progress the national carrier makes in implementing a series of cost-cutting and saving enhancement measures on a monthly basis, he told reporters on the sidelines of a function here. "We will see the first tranche of equity infusion in Air India coming in by December," Patel said, adding that the national carrier was initially looking at around Rs 800 crore for the first two months, Patel said.
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