Govt. approves Rs. 1200 crore equity infusion in Air Inida
December 30th, 2010 - 10:06 pm ICT by ANINew Delhi, Dec.30 (ANI): The Cabinet Committee on Economic Affairs on Thursday approved the infusion of Rs.1200 crore as equity to Air India and directed its management to work towards the rationalisation of wage structure.
The Ministry of Civil Aviation release said: “The infusion of enhanced equity fund would give much needed impetus to the Air India for its revival plan. It is further stated here that Government had earlier released Rs.800 crore in February, 2010 as equity induction in the National Aviation Company of India Limited (NACIL), now Air India Limited for its revival plan.” (ANI)
- Ailing Air India to get $250 mn equity from government (Lead) - Dec 30, 2010
- Budget: Air India to get Rs.1,200 crore fresh equity - Feb 28, 2011
- Cash-strapped Air India to get Rs.1,200 crore - Dec 30, 2010
- Centre to release Rs.800 crore to NACIL as equity induction - Feb 18, 2010
- Government to pump Rs.1,732 crore into Air India - Aug 04, 2011
- Air India to get Rs.1200 crore more during 2010-11 - Mar 03, 2010
- Gustav Baldauf appointed Air India chief operating officer - Apr 06, 2010
- Air India to get Rs.4,000 crore budget support for 2012-13 - Mar 16, 2012
- Air India pilots threaten strike over late salaries - Feb 09, 2011
- Loss-ridden Air India to get Rs.800 cr fresh equity (Lead) - Feb 18, 2010
- Air India board to meet Tuesday - Nov 29, 2011
- Air India awaits cabinet clearance for raising capital - Feb 22, 2010
- Air India to lose around Rs.5,400 crore in 2009-10: Patel - Mar 09, 2010
- Air India makes turnaround pitch to bankers - Apr 08, 2011
- Air India's turnaround plan approved (Roundup) - Apr 12, 2012
Tags: air india, air inida, aviation company, cabinet committee, civil aviation, crore, economic affairs, equity fund, equity infusion, impetus, india limited, induction, national aviation, New Delhi, rationalisation, revival plan, wage structure