Air India restructuring

AI unions oppose Govt move to hive off MRO, engineering units

A section of the Air India (AI) unions, which is opposed to the hiving off the MRO (maintenance, repair and overhaul) and engineering entities into two subsidiaries of the cash-starved flag carrier, on Friday said they will meet next week to chart out their future strategy.

Apr 13, 2012, 16:03 PM IST

Air India to get Rs.30,000 crore equity over 9 years

Giving a major boost to cash- strapped Air India, Government on Thursday announced a turnaround package with a Rs.30,000 crore equity infusion over a nine- year period and induction of 27 Boeing 787 Dreamliners.

Apr 12, 2012, 17:00 PM IST

Cabinet approves AI restructuring, FDI in aviation deferred

In a big boost to ailing Air India, the government on Thursday approved a turnaround plan (TAP) to restructure the operations and the finances of the cash- strapped carrier, including infusion of additional equity.

Apr 12, 2012, 09:18 AM IST