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Daily Archives: July 11, 2014

Air India to get Rs.6,500 crore bailout this year

A tail parade of each of Air India's Boeing aircraft as in 2011. The 747-400, 777-300ER, 777-200LR and 737-800.

National carrier Air India will receive a total of Rs.6,500 crore (about $1.08 billion) financial bail-out this year. The tax-payer funded bailout is part of a package exceeding Rs. 30,000 crore (about $6 billion at the time) approved in April 2012 and to be completed over nine years. In his maiden budget budget yesterday, the finance minister Arun Jaitley proposed …

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