Asia/Pacific

CCEA TURNS DOWN EXTRA FUNDS FOR AIR INDIA

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CCEA TURNS DOWN EXTRA FUNDS FOR AIR INDIA

Air India Ltd has failed to meet some promised targets and the Indian cabinet committee on economic affairs (CCEA) has subsequently turned down a second equity infusion for to Rs1,200 crore for the airline. The equity infusion is critical for the airline’s cash flow as well as to raise more capita...

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