Ailing Malaysia Airlines readies for drastic overhaul

KUALA LUMPUR: After a year of calamity, Malaysia Airlines is shrinking to survive. The disappearance of Flight 370 one year ago, combined with the downing of Flight 17 over a rebel held area of eastern Ukraine four months later, brought the already financially struggling flag carrier to its knees. The government, which owned most of […]

Air India to get Rs 2,500 crore of fresh equity

New Delhi: Finance Minister Arun Jaitley Saturday proposed infusion of an additional equity of Rs.2,500 crore in the cash-strapped national passenger carrier Air India for 2015-16 fiscal. According to the expenditure budget document, a budgetary support of Rs.2,500 crore has been earmarked for equity infusion in Air India. “The provision under (investment in public sector […]