{"id":304520,"date":"2019-12-06T13:08:44","date_gmt":"2019-12-06T07:38:44","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=304520"},"modified":"2019-12-06T13:08:44","modified_gmt":"2019-12-06T07:38:44","slug":"air-india-received-rs-30520-cr-equity-infusion-from-fy12-onwards-govt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-india-received-rs-30520-cr-equity-infusion-from-fy12-onwards-govt\/","title":{"rendered":"Air India received Rs 30,520 cr equity infusion from FY&#8217;12 onwards: Govt"},"content":{"rendered":"<p>New Delhi, Dec 5 () Debt-laden Air India has received an equity infusion of Rs 30,520.21 crore from financial year 2011-12 till date, the government said on Thursday and reiterated that it is committed to the disinvestment of the national carrier.<br \/>\nIn April 2012, the then central government had approved a Turnaround Plan (TAP)\/ Financial Restructuring Plan (FRP) for reviving Air India, which has been in the red since merger of Indian Airlines in 2007-08.<\/p>\n<p>To prepare for the disinvestment, the government is implementing a strategic plan, which includes a financial package and focus on increasing operational efficiencies, Minister of State for Civil Aviation Hardeep Singh Puri said on Thursday.<\/p>\n<p>The major components of the financial package for 2018-19 included a cash support of Rs 3,975 crore to Air India, inclusive of Rs 1,630 crore already infused in the airline in 2018-19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 5 () Debt-laden Air India has received an equity infusion of Rs 30,520.21 crore from financial year 2011-12 till date, the government said on Thursday and reiterated that it is committed to the disinvestment of the national carrier. In April 2012, the then central government had approved a Turnaround Plan (TAP)\/ Financial Restructuring Plan (FRP) for reviving Air India, which has been in the red since merger of Indian Airlines in 2007-08. To prepare for the disinvestment, the government is implementing a strategic plan, which includes a financial package and focus on increasing operational efficiencies, Minister of [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-304520","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=304520"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304520\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=304520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=304520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=304520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}