Air India requires USD3.8bn in equity infustion

Air India COO Gustav Baldauf reportedly stated the indebted carrier would need an equity infusion of around INR175 billion (USD3.8 billion) as part of its restructuring efforts (Hindustan Times, 24-Feb-2011). The plan would be placed before the airline's board and has been vetted and modified by consultancy firm Deloitte. The carrier has already injected INR20 billion (USD440 million) into the carrier in the current fiscal year (through 31-Mar-2011) with a similar amount likely to be given in the next fiscal year.