Air India A319. By Rob Finlayson The Indian government said Thursday it will invest INR300 billion ($5.76 billion) through 2020 to restructure struggling Air India (AI), including an immediate INR67.5 billion ($1.3 billion) injection. The state-owned carrier will also spin off its MRO and engineering units into separate subsidiaries, civil aviation minister Ajit Singh told reporters following a meeting of the Indian cabinet, according to multiple news reports from India. While AI ...

Subscribe to Access this Entire Article

"Air India will get $5.8 billion; decision on foreign airline investment postponed" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.