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Indian Prime Minister supportive of equity injection for Air India

10-Aug-2009 11:43 AM

Indian Ministry of Civil Aviation stated the Indian Prime Minister, Manmohan Singh, was “supportive” of a fresh equity injection for Air India, and an early decision on the matter is expected (Deccan Herald, 09-Aug-2009). Air India is seeking an equity injection of approximately USD525 million and a five-year loan of USD2.1 billion.