Air India needs up to Rs 1,000 cr infusion: Patel

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Praful Patel asks airlines to cut faresJet chief likely to meet pilots on salary cutsJet chief likely to meet pilots on salary cutsJet chief likely to meet pilots on salary cuts

National air carrier Air India needs a capital infusion of Rs 1,000 crore, said Union Civil Aviation Minister Praful Patel.

"Air India needs a capital infusion of up to Rs 1,000 crore. A proposal has been received and we will go through all its details over the next few weeks," Patel told reporters here.

Airlines suffering losses is a universal phenomenon, Patel said, adding that Air India was looking for soft loans to meet its current requirements.

Patel said he supported the import of Air Turbine Fuel (ATF) by airlines.

"Airlines need some kind of relief for their fuel bills.

ATF in our country is very expensive for various reasons. The taxes, at both central and state level are very high. I will support airlines on the issue as it would help them reduce their operational costs," he said.

Adding the minister said that he shared the view expressed by Karnataka Chief Minister, B S Yediyurappa, on the Bangalore International Airport. Yediyurappa had said that the newly-constructed airport was not up to the mark.