April 13, 2012 1:21 PM
AI turnaround plan approved; Natnl Carrier to get 30,000Cr infusion
The government has approved a Turn Around Plan, TAP and Financial Restructuring Package, FRP with a 30 thousand crore rupee infusion over a nine year period for cash strapped Air India. The plan envisages a massive fund infusion into the Airline, debt restructuring and higher operational efficiency....