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IPO News
Aug 21 2008 11:24AM
Air India seeks $459 mln govt aid -chairman

NEW DELHI, Aug 21 (Reuters) - State-run carrier Air India [AI.UL] is seeking more than 20 billion rupees ($459 million) of aid from the government to help it purchase aircraft, its chairman said on Thursday.

"It is for equity, and something of a soft loan," Raghu Menon told reporters. (Reporting by Rakesh Sharma, Editing by Mark Williams) (([email protected]; +91 4178 1007; Reuters Messaging: [email protected])) Keywords: AIRINDIA/AID

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