Business Daily from THE HINDU group of publications
Tuesday, October 20, 2009
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Business Daily from THE HINDU group of publications Tuesday, October 20, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Update at 1515 hrs (IST)
General AI revival plan to be discussed on Wednesday NEW DELHI: A group of ministers (GoM) will consider Air India’s demand for equity infusion of Rs 5,000 crore and its financial restructuring plan at a meeting here on Wednesday as the airline has begun implementing a series of measures to reduce costs by Rs 3,000 crore annually. “The GoM on the civil aviation sector, headed by the Finance Minister, Mr Pranab Mukherjee, is meeting on Wednesday as the Government has broadly agreed to support Air India in its restructuring process,’’ the Civil Aviation Minister, Mr Praful Patel, sa id on Tuesday. The GoM would also look at a presentation of Air India on its restructuring plan and try to address the issues, keeping in mind the recommendations of the Committee of Secretaries, he said. — PTI
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