TBM Staff - Mumbai The government is set to make an equity infusion of INR 300 crore in regional carrier Alliance Air, which is facing financial headwinds, according to a senior official. Alliance Air, earlier part of Air India, is now owned by AI Assets Holding (AIAHL), a special purpose vehicle formed by the central government. The disinvestment-bound Alliance Air operates around 130 flights daily. In recent months, there have been instances of strikes by pilots to protest against non-restoration of salaries to the pre-Covid level and non-payment of allowance, among other issues. Specific details of the equity infusion could not be immediately ascertained. (Source TOI)
