New Delhi: The government will infuse about Rs 30,000 crore in cash-strapped Air India over the next nine years as part of a turn around plan for the state-run airline, Parliament was informed Thursday.
To a question on whether the government has decided to infuse Rs 30,000 crore into Air India till 2020, Civil Aviation Minister Ajit Singh in a written reply to the Rajya Sabha said: "Yes, Sir."
He said that in order to improve its operating and financial performance, Air India has already taken various steps. These include rationalisation and elimination of certain routes, phasing out old fleet, freezing of employment in non-operational areas and dismantling of the Frankfurt hub.
03/05/12 Zee News
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