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2-Jun-2010 11:23 AM

Air India to receive an additional USD257 million bailout

Air India parent, the National Aviation Company of India Ltd (NACIL), announced Indian Prime Minister, Manmohan Singh, has approved plans to infuse an additional USD257 million into the carrier (Press Trust of India, 01-Jun-2010). Mr Singh stated the carrier would be eligible for a total of USD448 million, of which Air India has already received USD171 million.