04-Mar-2009 4:19 PM

Air India puts out hand for USD800 million in government support

Premium Analysis

Air India's parent, National Aviation Co of India Ltd (NACIL), has sought financial assistance of INR39.81 billion (USD798.2 million) from the Indian Government, according to the Civil Aviation Ministry. The package comprises an equity injection (30.9% of the total package and soft loans (69.1%).

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