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Last Updated : Apr 12, 2012 05:07 PM IST | Source: Reuters

Govt will infuse Rs 30,000 crore in Air India by 2020

India will infuse Rs 30,000 crore in state-run carrier Air India by 2020, Civil Aviation Minister Ajit Singh told reporters on Thursday.


India will infuse Rs 30,000 crore in state-run carrier Air India by 2020, Civil Aviation Minister Ajit Singh told reporters on Thursday.


The carrier will spin off two units - transport and maintenance repair overhaul, Singh added.

The cabinet approved a financial restructuring plan for the national carrier, which includes equity infusion by the government and restructuring of debt.

First Published on Apr 12, 2012 05:02 pm
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