New Delhi: Recommending restoration of full amount of equity infusion of Rs 3,901.49 crore in Air India for this fiscal as sought by it, a parliamentary panel on Friday said a shortfall in funding could adversely impact the national carrier's financial and operational performance.
The government, as part of its Rs 30,231-crore bailout package under Air India's Turn Around Plan(TAP) or Financial Restructuring Plan (FRP), has allocated Rs 1,713 crore to the airline against a request for Rs 3,901.49 crore this fiscal.
However, as per the TAP (or FRP), the amount of equity infusion for Air India for the current fiscal was slated at Rs 3,016 crore.
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The government, as part of its Rs 30,231-crore bailout package under Air India's Turn Around Plan(TAP) or Financial Restructuring Plan (FRP), has allocated Rs 1,713 crore to the airline against a request for Rs 3,901.49 crore this fiscal.
However, as per the TAP (or FRP), the amount of equity infusion for Air India for the current fiscal was slated at Rs 3,016 crore.
To Read the News in Full
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