The government gave its nod for Air India privatisation in June. “This will help with liquidity,” an Air India official who asked not to be named said, referring to the infusion. Of the Rs2,587 crore the airline was to get from the government this financial year, it has already been paid a total of Rs1,633 crore. The aviation ministry told Parliament this month that it would continue to support Air India as per the approved turnaround plan and would honour financial obligations till further directions. And today for the first time, I can say with satisfaction that Air India, which had a bad image, has succeeded in registering an operational profit last year,” he said.

Source: Mint August 14, 2017 19:18 UTC