Cabinet approves equity infusion of Rs 1,200 cr for AI

Civil Aviation Minister Praful Patel on Thursday, said that the Cabinet Committee on Economic Affairs has approved the infusion of Rs 1200 crore as equity in the Air India Limited and directed Air India management to work towards rationalisation of wage structure. Speaking to media persons in national capital New Delhi, Patel said that the amount would be beneficial in the restructuring of the sector. The infusion of enhanced equity fund would give much needed impetus to the Air India for its revival plan.