Mumbai, July 25: Government is open to infuse more equity in Air India provided the national carrier manages to improve its performance, Civil Aviation Minister Praful Patel said today.
“Government is ready to look at it (further equity infusion) with an open mind. Government will look at it objectively,” Patel told reporters here.
Earlier, Patel, along with Civil Aviation Secretary Madhav Nambiar, attended the Air India board meeting which discussed the company’s proposed five-year turnaround plan.
The meeting was also attended by Air India Chairman Arvind Jadhav, Chief Operating Officer Gustav Baldauf, and four independent directors.
Patel said that the air carrier has already received Rs 800 crore from the government, and Rs 1,200 crore more would be given this financial year.
–Agencies