More equity infusion for Air India soon: Praful Patel

New Delhi: After the initial Rs 800-crore bailout for Air India, Civil Aviation Minister Praful Patel today said the government would infuse "more" equity in the national carrier in the near future.
"Government is committed to equity infusion in Air India. Rs 800 crore has already been infused. More money will be coming in the near future," Patel told reporters on the sidelines of a tourism and travel mart here.
He said a Group of Ministers, headed by Finance Minister Pranab Mukherjee, would meet on February 3 to decide on further equity.
He dismissed as "completely baseless" the reports that the government was considering undoing the merger of Air India and erstwhile Indian Airlines.
29/01/10 PTI/Economic Times

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Categories: NACIL Jan 2010