New Delhi, February 05:The financial status of crisis-ridden Air India and its subsidiary Air India Express came up for review by Civil Aviation Minister Vayalar Ravi here today.
Ravi was briefed by top officials about steps taken by the ailing national carrier on financial restructuring after the government infused additional equity of Rs 1,200 crore in December, official sources said.
Air India, which has accumulated losses over Rs 5,500 crore, is likely to seek another Rs 2,000 crore worth of equity infusion in the next financial year and the proposal may form part of the Union Budget, they said.
The Minister is understood to have reviewed the progress in implementation of the various cost-cutting measures, ranging from the upkeep of its lounges and ground handling to crew shortage.
–PTI