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Aviation Min recommends 
2000 Crore equity in AI
Tuesday, 28 December 2010, 05:50 IST
Mumbai: The Civil Aviation Ministry has recommended an equity infusion of 
2,000 crore in Air India in the next financial year after the beleagured national carrier gets 1,200 crore soon.
"Equity infusion of 1,200 crore in Air India is expected in a few days... We have asked from the government further equity infusion of 2,000 crore to be provided in the coming year's budget," Civil Aviation Minister Praful Patel told reporters on the sidelines of a function to induct the first seaplane by Pawan Hans Helicopters Limited.
He said he was hopeful of the government looking at the proposal "objectively" and added "anyway, the Group of Ministers is seized of the matter. It is the committment of the government to help it (Air India) out and ensure that the national carrier is in good health."
Source: PTI
2,000 crore in Air India in the next financial year after the beleagured national carrier gets 1,200 crore soon.
"Equity infusion of 1,200 crore in Air India is expected in a few days... We have asked from the government further equity infusion of 2,000 crore to be provided in the coming year's budget," Civil Aviation Minister Praful Patel told reporters on the sidelines of a function to induct the first seaplane by Pawan Hans Helicopters Limited.
He said he was hopeful of the government looking at the proposal "objectively" and added "anyway, the Group of Ministers is seized of the matter. It is the committment of the government to help it (Air India) out and ensure that the national carrier is in good health."
Source: PTI