APN News

  • Friday, May, 2024| Today's Market | Current Time: 09:26:09
  • Civil Aviation Ministry seeks another Rs 2,000 crore for ailing national carrier

    Published on February 14, 2011

    The Civil Aviation Ministry has sought another 2,000 crore rupees for the ailing national carrier in this financial year.

    Civil Aviation Minister Vayalar Ravi would meet Finance Minister Pranab Mukherjee in New Delhi tomorrow to discuss issues pertaining to the aviation sector in the upcoming budget.

    AIR correspondent quoting sources reports, while a demand for allocation of 2,000 crore rupees for Air India has already been made by the Ministry, provision for at least 1,200 crore rupees worth of equity could be made in the 2011-12 budget. The remaining part could come in the supplementary budget, they added.

    The Minister would also hold a meeting with leaders of all trade unions in Air India on Wednesday in Mumbai in a bid to seek their cooperation to turnaround the carrier. The airline has 32,000 employees on its rolls and another 10,000 on contract.

    SEE COMMENTS

    Leave a Reply