There could be some good news for ailing Air India in the upcoming Budget with the government considering a support package of about 10,000 crore for it, including 6,600 crore worth of equity infusion. The Union Cabinet is expected to consider this package shortly to enable inclusion of the provision in the general Budget, official sources said, adding that a Cabinet note has already been circulated for comments from various ministries. The cash-strapped airline is likely to get a 10,000-crore package in the next financial year, including additional equity of 6,600 crore and other support, the sources said.
Source: Economic Times
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