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Air India seeks $459 mln govt aid -chairman

Air India is seeking more than rupees 20 billion ($459 million) of aid from the government to help it purchase aircraft.

Updated on: Aug 21, 2008, 11:42:16 IST
Reuters | By , New Delhi
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State-run carrier Air India [AI.UL] is seeking more than 20 billion rupees ($459 million) of aid from the government to help it purchase aircraft, its chairman said on Thursday.

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"It is for equity, and something of a soft loan," Raghu Menon told reporters.

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