New Delhi: After the initial Rs800 crore bailout for Air India, civil aviation minister Praful Patel on Friday said the government would infuse more equity in the national carrier in the near future.
“The government is committed to equity infusion in Air India. Rs800 crore has already been infused. More money will be coming in the near future,” Patel said.
He said a group of ministers, headed by finance minister Pranab Mukherjee, would meet on 3 February to decide on further equity.
“I can’t give any commitment until we have a decision,” he said.
Patel dismissed as “completely baseless” the reports that the government was considering undoing the merger of Air India and erstwhile Indian Airlines.