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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 AM 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.

 
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
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