Friday, 31 March 2017

Infusion of Equity in Air India

The Government has been regularly infusing Equity in Air India as laid down in the Turnaround Plan (TAP) approved by the Government. As per the TAP, Government has to infuse a total amount of Rs.30,231 crore upto 2021, as against which the Government has released Rs 24745.21 crore till date. 

Air India had sought a total amount of Rs 3,901.49 crore as Equity Infusion from the Government during FY 2016-17 as per TAP recommendations and other related adjustments. As against this, a total amount of Rs.2465.21crores has been approved as Equity Infusion as a part of TAP to Air India for the FY 2016-17. This includes Rs.1,713 crore allocated in the Budget of FY 2016-17 and an additional amount of Rs.752.21 crore allocated in the Supplementary Grants for FY 2016-17. 

This information was given by the Minister of State in the Ministry of Civil Aviation Shri Jayant Sinha in a written reply to a question in Lok Sabha.



Courtesy: pib.nic.in

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