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Air India to Get Fresh Equity Worth Rs.800 Crore

  •   Thu, Feb 18 2010 02:25:58 PM

IANS

New Delhi, Feb 18: Beleaguered national carrier Air India will get equity infusion of Rs.800 crore ($160 million) to tide over its cash flow problems and finance the fleet expansion plans.

A meeting of the Cabinet Committee on Economic Affairs, presided over by Prime Minister Manmohan Singn here Thursday, approved the fresh equity for National Aviation Co of India Ltd, the company that runs the national carrier.

The airline had posted a loss of Rs.7,200 crore last fiscal.

  

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Comment on this article

  • stan, duabi

    Thu, Feb 18 2010

    Shahajahan spent money and peoples labour for just build tajmahal i.e. monument on his wife's tomb. Indian govenment is doing the same, buy taking money from the poor people to run the loss making AIRINDIA.

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Title: Air India to Get Fresh Equity Worth Rs.800 Crore



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