Friday, July 27, 2018

Air India received Rs 27,195 crore equity infusion: Jayant Sinha

New Delhi: Debt-laden Air India has received Rs 27,195.21 crore worth equity infusion till date from the government under the turnaround and financial restructuring plans approved back in 2012.

In the current financial year, the state-owned airline received an equity infusion of Rs 650 crore up to June, Minister of State for Civil Aviation Jayant Sinha told the Lok Sabha on Thursday.

A Turnaround Plan (TAP) as well as a Financial Restructuring Plan (FRP) were approved for Air India by the previous UPA regime in 2012.

All government guaranteed loans and interests thereon are being paid by the government by way of equity infusion into the airline, Sinha said in a written reply.
27/07/18 PTI/Asian Age

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