New delhi, February 18: Beleaguered national carrier Air India will get equity infusion of Rs.800 crore ($160 million) to tide over its cash flow problems and finance the fleet expansion plans.
A meeting of the Cabinet Committee on Economic Affairs, presided over by Prime Minister Manmohan Singh here Thursday, approved the fresh equity for National Aviation Co of India Ltd, the company that runs the national carrier.
The airline had posted a loss of Rs.7,200 crore last fiscal.
—-Agencies