Saturday, October 29, 2011

Cabinet to take up AI expansion plan after RBI report: Vayalar Ravi

NEW DELHI: Air India's acquisition plan for 27 Boeing 787 Dreamliner planes and for additional equity infusion of Rs 6,600 crore would be deliberated by the Union Cabinet after the RBI gives its views on debt restructuring plan for the ailing national carrier.  "A report on (Air India's) debt restructuring prepared by the Committee of Officers will be reviewed by the RBI within a week. Only after that will any decision be taken," Civil Aviation Minister Vayalar Ravi told reporters after a meeting of a Group of Ministers (GoM) here today. 
ET