Air India puts out hand for USD800 million in government support
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%). [1550 words]
Unlock the following content in this report:
- More domestic aircraft, as market share continues to crumble
- International restructure - Frankfurt in focus
- Ground handling deal with SATS angers employees
Graphs and data:
- Air India domestic market share (%): Feb-08 to Jan-09
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