Home News INDIAN NEWS Govt to infuse Rs 1,500 cr into Air India next week

Govt to infuse Rs 1,500 cr into Air India next week

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Air India. (File Photo: IANS) by .
Air India. (File Photo: IANS)

The Central government will infuse a fresh equity of Rs 1,500 crore into national passenger carrier Air India early next week…reports Asian Lite News

Air India. (File Photo: IANS) by .
Air India. (File Photo: IANS)

According to the senior official from the Ministry of Civil Aviation, the amount is a part of second supplementary demands for grants for 2018-19 for gross additional expenditure.

In December 20, 2018, the Central government had sought Parliament’s nod to infuse Rs 2,345 crore into the financially strained national carrier under the airline’s ‘Turn Around Plan’.

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