Govt to release Rs 150 cr to pay Air India employees

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New Delhi, Jan 17: Union Civil aviation Minister Ajit Singh on Tuesday, Jan 17 announced that government will soon release Rs 150 crore for payment of portion of wages of Air India employees, including pilots.

Moreover, aviation ministry also proposed 49% Foreign Direct Investment (FDI) in domestic aviation sector to bail out cash-strapped Indian carriers.

The move has come after nearly 40 pilots of the cash-strive national airlines Air India went on a strike over pending incentives. Sources said that, along with Rs 150 crore, government will also release an additional Rs 450 crore to help airlines survive

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