Government to infuse INR 300 crore in Alliance Air

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)