'Air India has to approach BRPSE for revival'

New Delhi: Air India seeking Rs 1,200-crore equity infusion from the government not withstanding, the troubled national carrier will approach the PSU revival body in the Department of Public Enterprises for a “package”.
Air India has roped in a private agency for working out financial details of the package, which it will seek from the Board for Reconstruction of Public Sector Enterprises (BRPSE).
"The Department of Public Enterprises and BRPSE are for revival. For revival package, they (Air India) will come to us....” Heavy Industries and Public Enterprises Minister Vilasrao Deshmukh said after Civil Aviation Minister Praful Patel met him here today.
About the meeting, Deshmukh said, “We had a good discussion. We both had some issues which we have settled”. He said there were no differences between the two ministries over revival plan of Air India, which has accumulated losses over Rs 5,500 crore.
31/12/10 Press Trust Of India/Business Standard

To Read the News in full at Source, Click the Headline

Categories: Air India Dec 2010