Govt set to make equity infusion worth Rs 300 crore in Alliance Air

The government is all set to make an equity infusion of Rs 300 crore in Alliance Air, reported PTI, citing a senior official.

Alliance Air, which earlier was a part of Air India, is currently owned by AI Assets Holding Ltd (AIAHL), a special-purpose vehicle formed by the central government. The government’s move might help the company to fade the impact of the financial headwinds that it has been facing.