23-Feb-2010 11:20 AM

Air India's proposal to increase working capital to be reviwed by cabinet

Indian Minister for Civil Aviation, Praful Patel, reportedly stated the proposal to increase the working capital of Air India by USD217 million will be placed before the Indian Cabinet (Press Trust of India, 22-Feb-2010). Last week, the Indian Government approved a USD173 million (INR8 billion) equity infusion to the carrier.