October 20, 2010 9:33 PM

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Govt. likely to decide on infusion of <img src="rs.png" border="0">1200 crore equity in Air India soon: Praful

Civil Aviation Minister Praful Patel today said a decision on infusion of 1200 crore equity in Air India is expected to be taken by next month. Speaking on the sidelines of a function in New Delhi, Mr Patel said a cabinet note has been moved for infusion of 1200 crore as equity in Air India . The minister hoped it should be approved next month. He said the airline has already taken a number of steps to reduce its costs. The Government has already provided 800 crore of the 2,000-crore which it has pledged to provide the state-owned airline. In reply to a question on Navi Mumbai airport, Mr Patel asserted that it would come at the proposed site and the clearance will be given next month.

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