The infusion of enhanced equity fund would give much needed impetus to the Air India for its revival plan.
It is further stated here that Government had earlier released Rs.800 crore in February, 2010 as equity induction in the National Aviation Company of India Limited (NACIL), now Air India Limited for its revival plan.
Air India to get Rs 1200 crore for recovery plan
Special Correspondent - 2010-12-30 17:59
New Delhi: The Cabinet Committee on Economic Affairs today approved the infusion of Rs.1200 crore as equity in the Air India Limited and directed Air India management to work towards rationalisation of wage structure.