ibnlive » Business

Dec 07, 2012 at 02:15pm IST

Government to infuse Rs 2000 crore into Air India as part of bailout plan

New Delhi: India will infuse Rs 2000 crore in equity into ailing state-run carrier Air India as part of a turnaround and financial restructuring plan, a government statement said on Friday.

Last year, the government had approved a $5.8 billion bailout plan for the national carrier. The latest equity infusion is part of that plan.