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Government seeks parliament nod to inject Rs 2,300 crore in Air India

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The government has sought parliament's approval for an equity infusion of Rs 2,300 crores ($328.42 million) in state-owned carrier Air India, Bloomberg reported on Thursday.

Government seeks parliament nod to inject Rs 2,300 crore in Air India
The government has sought parliament's approval for an equity infusion of Rs 2,300 crore ($328.42 million) in state-owned carrier Air India, Bloomberg reported on Thursday.
Air India had sought Rs 2,121 crore of additional equity from the government for the fiscal year 2018-19 to make pending payments to its vendors, a source at the airline had told Reuters in July.
India's top civil aviation bureaucrat said in September that a Rs 12 crore capital injection for Air India was on the way, and the government is also working on a relief package for the airline industry.

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