Cash-strapped Air India's board met here today, amid the government considering a financial package to help the carrier, sources said.
After the proposed strategic disinvestment of the airline failed to take off, the government is considering a proposal for equity infusion and possible loan waiver to improve its finances.
The meeting is also the first after induction of leading industrialists -- ITC Chairman Y C Deveshwar and Aditya Birla Group Chairman Kumar Mangalam Birla -- as independent directors on the airline's board. Sources said Deveshwar attended the meeting but Birla did not turn up.
17/08/18 PTI/Moneycontrol.com
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After the proposed strategic disinvestment of the airline failed to take off, the government is considering a proposal for equity infusion and possible loan waiver to improve its finances.
The meeting is also the first after induction of leading industrialists -- ITC Chairman Y C Deveshwar and Aditya Birla Group Chairman Kumar Mangalam Birla -- as independent directors on the airline's board. Sources said Deveshwar attended the meeting but Birla did not turn up.
17/08/18 PTI/Moneycontrol.com
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