the daily news post india - tdnpost.com

Cabinet approves AI restructuring

New Delhi, April 12 (ANI): Giving a boost to the cash strapped Air India, the Cabinet Committee on Economic Affairs (CCEA) today approved the restructuring of the airlines. The plan includes infusion of additional equity to improve the financial position of the cash strapped carrier. As part of Air India’s restructuring, the government has decided to infuse Rs 4,000 crore as additional equity during the current fiscal. This would raise the airlines’ equity base to Rs 7,345 crore.

Tags: , , ,