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.
Air India to receive an additional USD257 million bailout
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India’s status as the fastest growing aviation market in the world creates tremendous opportunities. But risks are also heightened as the inadequacy of India’s infrastructure planning, a fast emerging shortage of skills, flawed policy initiatives, and weak regulatory oversight threaten to become major stumbling blocks. The potential is enormous; but unless government bites the bullet, it will be seriously constrained.
This report is a short extract from CAPA's comprehensive 200-page India Aviation Outlook Report FY2017/18, to be released in Feb-2017 at the CAPA India Aviation Summit. The Outlook includes CAPA's projections for traffic, capacity, yields and earnings and presents fleet induction plans, detailed operating and financial analysis and risk assessments of each Indian airline and airport operator. The report also includes analysis of policy and regulatory issues.