Govt injects life into AI: Rs 30,000 cr by 2020

April 12, 2012 16:39

Civil Aviation minister Ajit Singh addressing the press conference on the Cabinet approving the restructuring of Air India.

To start with, two AI subsidiaries to be hived off.

Cabinet will decide on FDI on aviation next week.

Air India hasn't paid salaries for a very long time, says Ajit Singh.

It has debts to the tune of Rs 6400 crore.

Centre to invest Rs 30,00 crore in AI by 2020.

Centre to put in checks and balances in fund allocation.

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