Air India revival plan gets Rs2,000 crore bigger
14 February 2011
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.