Asia/Pacific

AIR INDIA EQUITY INFUSION APPROVED BY THE CCEA

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AIR INDIA EQUITY INFUSION APPROVED BY THE CCEA

The Cabinet Committee on Economic Affairs (CCEA) has approved an equity infusion of Rs 1,200 crore into Air India, boosting its equity base to Rs 3,345 crore, which should make it easier for the airline to get working capital loans. Air India has a debt of Rs 46,950 crore on an equity base of Rs 2,1...

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