Saturday, April 14, 2012

Air India to get Rs 30,000 crore, 27 Boeing 787 Dreamliners:-

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

In another development, the government also approved a proposal to hive off Air India's MRO (Maintenance, Repair and Overhaul) business and its Engineering Services as two wholly-owned subsidiaries, placing about 19,000 of around 28,000 total employees with them.

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