News
Trulli
An Air India 787 in London (Photo: AirlineGeeks

Indian Government Seeks Approval for Cash Injection Into Air India

The Indian government is currently seeking approval from its parliament for an equity injection of 23 billion rupees ($330 million USD) into fledgling flag carrier Air India. The proposed cash injection essentially rules out the plans to sell the carrier. India's last move was to sell 76 percent of the carrier along with its debt, but the plan was scrapped due to a lack of interest from buyers. The state-owned Air India, which hasn't been profitable in over 10 years,…