National carrier Air India will now get an additional equity of Rs 1200 crore . Finance Minister Pranab Mukherjee, in his 2011-12 budget presented in the Lok Sabha Monday, said: "As a part of the process for financial restructuring of National Aviation Company of India Ltd., an amount of Rs1200 crore has been provided."
The proposal for restructuring was based on inputs from the national carrier and put up by newly-appointed Civil Aviation Minister Vayalar Ravi.
Earlier, the central government had infused Rs 2000 crore of fresh equity in the flag-carrier last year, in two instalments of Rs 800 crore and Rs 1200 crore.
Air India had reported a decrease in its net loss for the fiscal 2009-2010, which stood at Rs 5551 crore as against a net loss of Rs 7189 crore in the fiscal 2008-2009.
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