Air India Funds Infusion

In March, Centre had appointed Ernst & Young LLP India as its transaction advisor for proposed strategic disinvestment of Air India.

To fund the capital infusion in Air India and other sectors, the government has sought Parliament's approval for an additional net spending of Rs. 5,951 crore, on top of the budgeted Rs. 24.42 lakh crore for 2018/19.

The government has "sought funds for infusion of equity in Air India under (its) turnaround plan," a statement tabled in Lok Sabha said.

The government has "sought funds for infusion of equity in Air India under (its) turn around plan," a statement tabled in the lower house of parliament said.

Air India is surviving on a Rs 30,231 crore bailout package extended by the previous UPA government in 2012 for a 10-year period and also equity support for payment of principal/interest of the non-convertible debentures.

Recommending restoration of fullamount of equity infusion of Rs 3,901.49 crore in Air Indiafor this fiscal as sought by it, a parliamentary panel on Fridaysaid a shortfall in funding could adversely impact thenational carrier's financial and operational performance.

The Finance Ministry has sought Parliament's nod for making an additional equity infusion into Air India worth Rs 800 crore, less than half the amount sought by the Civil Aviation Ministry for the national carrier.

Security agencies are conducting a background checking of new owner of SpiceJet, Ajay Singh, after he infused a fund of Rs 500 crore in the beleaguered air carrier and announced plans to invest Rs 1,500 crore.

State-run carrier Air India has invited offers from banks to raise up to $800 million (Rs 4250 cr) via external commercial borrowing and bridge financing, two documents posted on the company's website showed.

Civil Aviation Minister Ajit Singh on Thursday spelt out a plan for turning around debt-ridden national carrier Air India The plan envisages a massive fund infusion into the airline,

Provision for the much-needed equity infusion into ailing Air India and a proposal to liberalise fund-raising capability of the Airports Authority of India (AAI) may figure in the 2011-12 Budget to be presented in Parliament on Monday. The two proposals, if accepted, would act as a big relief to both the public sector units which have been f...

In March, Centre had appointed Ernst & Young LLP India as its transaction advisor for proposed strategic disinvestment of Air India.

To fund the capital infusion in Air India and other sectors, the government has sought Parliament's approval for an additional net spending of Rs. 5,951 crore, on top of the budgeted Rs. 24.42 lakh crore for 2018/19.

The government has "sought funds for infusion of equity in Air India under (its) turnaround plan," a statement tabled in Lok Sabha said.

The government has "sought funds for infusion of equity in Air India under (its) turn around plan," a statement tabled in the lower house of parliament said.

Air India is surviving on a Rs 30,231 crore bailout package extended by the previous UPA government in 2012 for a 10-year period and also equity support for payment of principal/interest of the non-convertible debentures.

Recommending restoration of fullamount of equity infusion of Rs 3,901.49 crore in Air Indiafor this fiscal as sought by it, a parliamentary panel on Fridaysaid a shortfall in funding could adversely impact thenational carrier's financial and operational performance.

The Finance Ministry has sought Parliament's nod for making an additional equity infusion into Air India worth Rs 800 crore, less than half the amount sought by the Civil Aviation Ministry for the national carrier.

Security agencies are conducting a background checking of new owner of SpiceJet, Ajay Singh, after he infused a fund of Rs 500 crore in the beleaguered air carrier and announced plans to invest Rs 1,500 crore.

State-run carrier Air India has invited offers from banks to raise up to $800 million (Rs 4250 cr) via external commercial borrowing and bridge financing, two documents posted on the company's website showed.

Civil Aviation Minister Ajit Singh on Thursday spelt out a plan for turning around debt-ridden national carrier Air India The plan envisages a massive fund infusion into the airline,

Provision for the much-needed equity infusion into ailing Air India and a proposal to liberalise fund-raising capability of the Airports Authority of India (AAI) may figure in the 2011-12 Budget to be presented in Parliament on Monday. The two proposals, if accepted, would act as a big relief to both the public sector units which have been f...