Air India revival plan gets Rs2,000 crore bigger

14 Feb 2011

1

India's national flag carrier Air India, which got a Rs2,000 crore equity infusion from the government, is now seeking a fresh injection of Rs2,000 crore to get the ailing airline off the ground.

Civil aviation minister Vayalar Ravi is expected to meet finance minister Pranab Mukherjee tomorrow for a budget-related discussion on the aviation sector.
 
The budget for 2011-12 is expected to make a provision of at least Rs1,200 crore while the reaming may come through supplementary demands, reports quoting aviation ministry sources said.

The civil aviation minister would also meet leaders of all trade unions in Air India to find a way forward for the airline.

"The basic aim will be to know their mind on the issues and to what extent they can cooperate to take Air India forward", Ravi said, adding the employees "may have grievances".

Air India has over 40,000 employees, including those on contract.

The minister said the government was restructuring the Bureau of Civil Aviation Security to enhance the oversight capability and aviation security.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more