Cash-strapped Air India given USD267m equity infusion

On 30-Dec-2010 India's Cabinet Committee on Economic Affairs approved an infusion of INR12 billion (USD266.9 million) as equity for state-owned national carrier Air India. The Government also stated it had earlier released INR800 crore (USD177.9 million) in Feb-2010 as equity induction in the National Aviation Company of India Limited (NACIL), now Air India, for its revival plan.

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