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  • Decision on infusing Rs 1200 crore equity in AI next month

    Published on October 20, 2010

    A decision on infusing Rs 1200 crore equity in Air India is expected to be taken by next month, Civil Aviation Minister Praful Patel Said on Wednesday.

    “We have moved a Cabinet note for infusion of Rs 1200 crore as equity (in Air India).It should be approved next month,” Patel said on the sidelines of a function in Delhi.

    “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 2000 crore later,” he said.

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