Government providing required support to Air India from time to time: Official
Civil Aviation Secretary R N Choubey said that from time to time, whatever support Air India needs that is being provided.
"Without checks and balances, no money would be given to them. Efficiency and improvement, which Air India has to ensure, are being monitored," he told reporters here.
Earlier this year, the government's efforts for strategic disinvestment of Air India failed to take off as no bidders evinced interest when the deadline for initial bids ended on May 31.
Choubey also said that equity infusion has been made into the airline.
An official said the government is looking at restructuring the Air India's debt.
It has been making losses since its merger with Indian Airlines in 2007. It is estimated to have a debt burden of more than Rs 50,000 crore.
The national carrier is surviving on a bailout package extended by the previous UPA regime in 2012.
(With inputs from agencies.)
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