Press Information Bureau
Government of India
Cabinet Committee on Economic Affairs (CCEA)
30-December-2010 19:11 IST
Recovery Plan for Air India
The Cabinet Committee on Economic Affairs today 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.

The infusion of enhanced equity fund would give much needed impetus to the Air India for its revival plan.

It is further stated here that Government had earlier released Rs.800 crore in February, 2010 as equity induction in the National Aviation Company of India Limited (NACIL), now Air India Limited for its revival plan.