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Air India requires USD2.2bn in government funding to ensure survival

18-Feb-2011 10:52 AM

India's Civil Aviation Minister Vayalar Ravi reportedly stated Air India requires more than INR100 billion (USD2.2 billion) from the central government to ensure its survival (Economic Times/Indian Express, 17-Feb-2011). However, he did not specify if this would be in the form of equity infusion or soft loans.