Hyderabad: The Civil Aviation Ministry will move the Cabinet next week seeking Rs 6,500 crore capital for Air India's revival, even as Boeing has agreed to pay USD 500 million as compensation to the national carrier for delay in delivery of Dreamliner.
Civil Aviation Minister Ajit Singh also asserted the bailout cannot be for an indefinite period and the airline has to improve its efficiency.
Meanwhile, Boeing has also agreed to pay USD 500 million as compensation for delay in delivery of aircraft.
"As far as financial stress for Air India, which is a government concern, we have moved for financial reconstruction package, including Rs 6,500 crore capital infusion.
"We are moving the Cabinet this week and also asking the Cabinet to give final permission to purchase Dreamliners," Civil Aviation Minister Ajit Singh said in a press conference on the sidelines of India Aviation 2012 show.
14/03/12 ZeeNews
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