Business Standard

Air India lost Rs 20,000 crore as Modi govt pumped Rs 24,000 crore

As Air India's sale becomes a top priority, the disappearance of Jet Airways among other factors could further sweeten the deal

Air India
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Sai Manish New Delhi
Air India’s disinvestment found mention in finance minister Nirmala Sitharaman’s maiden Budget speech and reports suggest the government is serious about an October deadline to sell off the national carrier.

A look at Budget documents show that from 2014-15 to 2018-19, the Modi government invested almost Rs 24,306 crore in the national airline, including budgetary support for its turnaround. Under the first Modi government, investment in Air India peaked in 2017-18, with Rs 6,427 crore

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