India approves the restructuring plan for money-losing Air India, will inject $5.85 billion through 2020

Air India (Mumbai) is getting yet another chance to prove it can make money. The state airline has been unprofitable for the past five years. The government of India has approved the restructuring plan according to the WSJ and also approved the infusion of $5.85 million in working capital to the airline over the next eight years.

Read the full report: CLICK HERE

Copyright Photo: Nick Dean.

Air India Slide Show: CLICK HERE

This entry was posted in Air India and tagged on by .

About Bruce Drum

I have started the ultimate digital photo library of the fascinating world of airliners and airlines. The goal is to have the complete history of all airlines and the various aircraft operated. I have been photographing airplanes since 1965. Join us in this adventure.