December 7, 2012 / 6:58 AM / 5 years ago

Govt to infuse 20 billion rupees into Air India

1 Min Read

The Air India's Dreamliner Boeing 787 is given a traditional water cannon salute by the fire tenders upon its arrival at the airport in New Delhi September 8, 2012.Mansi Thapliyal/Files

NEW DELHI (Reuters) - India will infuse 20 billion rupees in equity into ailing state-run carrier Air India as part of a turnaround and financial restructuring plan, a government statement said on Friday.

Last year, the government approved a $5.8 billion bailout plan for the national carrier. The latest equity infusion is part of that plan.

Reporting by Manoj Kumar; Editing by Anand Basu

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