A-I, Indian smooth flight may continue

New Delhi: The government will continue to protect state-run carriers Air-India and Indian by giving them additional equity support and prolonging their monopoly over certain international routes.
It is also contemplating organisational, managerial and financial restructuring of the two carriers. According to civil aviation ministry sources, the government is of the view that the two carriers will require a larger equity base to attract international lenders for bankrolling their aircraft-acquisition plan.
Air-India’s total paid-up capital is Rs 153.84 crore and Indian has a paid-up capital of Rs 105.19 crore. The quantum of additional equity which will be infused is yet to be decided.
16/06/06 Bipin Chandran/Business Standard

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