Cabinet doles out Rs30,000 cr to AI
The government approved a package of around Rs30,000 crore to bail out cash-strapped state-owned Air India Ltd, in a move that at least one analyst said wouldn’t help turn around the fortunes of the airline because it didn’t focus on any operational measures. The package involves an upfront equity infusion of Rs6,750 crore and assured equity support of Rs23,481 crore till 2020-21.
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