Air India To Get Rs 2,345 crore Equity Infusion



Cash-strapped Air India could soon get equity infusion worth Rs 2,345 crore as part of the turnaround plan to meet its working capital requirements. The government on Thursday sought Parliament’s nod to grant Rs 2,345 crore to the ailing carrier and `1,300 crore for Air India Asset Holding Company, the special purpose vehicles (SPV) housing airline’s debt. The proposal was part of second batch of supplementary demands for grants 2018-19 tabled by finance minister Arun Jaitley . Air India has been facing delay in disbursing salaries and few of its planes are grounded due to lack of spares.




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