New Delhi: With the decision on infusing Rs 1,200 crore as equity in Air India expected soon, Government may consider giving the airline a little over Rs 800 crore additionally as dues for operating flights for VVIP and evacuation operations carried out by it, sources said on Tuesday.
Though Air India has billed an amount of Rs 1,222 crore for dedicating five Boeing 747-400 planes for VVIP operations, the government could give the ailing airline Rs 802 crore for the operation of three aircraft, they said.
The issue is understood to have come up for discussion at a meeting here of a Committee of Secretaries (CoS) headed by Cabinet Secretary A K Seth.
The CoS is also understood to have asked the national carrier to finalise its Turnaround and Financial Restructuring Plans and present it to the Civil Aviation Ministry in the next couple of days, so that the Group of Ministers (GoM) led by Finance Minister Pranab Mukherjee can take it up next week.
After ratification of these plans by the GoM, a proposal to infuse Rs 1,200 crore is likely to be placed before the Cabinet Committee on Economic Affairs for approval.
05/07/11 Economic Times
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