AI likely to have Budget allocation of Rs 1,200 cr

Air India expects to get an allocation of Rs 1,200 crore in the coming Budget, Civil Aviation Minister Praful Patel said today.

“We expect a Rs 1,200-crore provision for Air India in the Budget,” Patel told reporters on the sidelines of a function here today.

Patel said he expected the process of equity infusion of Rs 800 crore into the airline by the government to be completed over the next eight to 10 days.

Yesterday, Patel had said in Delhi that while the infusion was likely to occur over the next few days, the government wanted Air India to take “extraordinary” measures for its turnaround.