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Release of Equity infusion to NACIL

The Indian Central government approved the proposal for release of equity infusion of Rs 800 crore in two equal monthly instalments to National Aviation Company of India Ltd (NACIL), the holding company of Air India on 18 Feb 2010. The equity infusion would help the Air India facing severe financial losses to tide over its cash flow problem and finance fleet acquisition plans.

Oct 23, 2010 17:39 IST
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The Indian Central government approved the proposal for release of equity infusion of Rs 800 crore in two equal monthly instalments to National Aviation Company of India Ltd (NACIL), the holding company of Air India on 18 Feb 2010. The equity infusion would help the Air India facing severe financial losses to tide over its cash flow problem and finance fleet acquisition plans.