Friday, July 31, 2015

Air India to get additional Rs.800 crore fresh equity

New Delhi: National passenger carrier Air India will get an additional capital infusion of Rs.800 crore, parliament was informed on Friday.

Finance Minister Arun Jaitley said this while moving the supplementary demands for grants for 2015-16 in the Lok Sabha.

According to the parliamentary papers, apart from Air India, the civil aviation ministry will get additional funds for Haj charters, repair of the Directorate General of Civil Aviation (DGCA) premises and payment of service tax for flight operations inspectors.

Earlier, Jaitley had infused an additional equity of Rs.2,500 crore in the cash-strapped national passenger carrier for 2015-16 fiscal.
31/07/15 Osisha Sun Times
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