Decision on AI equity coming next month -Governance Now

Decision on AI equity coming next month

Govt is mulling infusing Rs 1,200 cr as equity in airline

PTI | October 20, 2010

A decision on infusion of Rs 1,200 crore equity in Air India is expected to be taken by next month, civil aviation minister Praful Patel said today.

"We have moved a cabinet note for infusion of Rs 1,200 crore as equity (in Air India). It should be approved next month," Patel said on the sidelines of a function here.

"Air India's overall turnover would be higher. The yields are already better and costs are going down," he said.

"We can look at pumping another Rs 2,000 crore later," he said.

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