The Indian government has resolved to inject INR15 billion rupees (USD211 million) into Air India (AI, Mumbai Int'l) by the end of January 2019, the PTI newswire has reported.

The cash injection is part of a bailout approved by the Indian Parliament at the end of 2018 totalling up to INR23.5 billion rupees (USD330 million). The supplementary grant, as the bailout is referred to by the government, covers only the 2018-19 Financial Year. An unnamed official said that Delhi will not, for now, seek permission to inject further cash into the struggling carrier under the 2019-20 budget.

The current bailout is separate from a ten-year support programme launched in 2012 which covers up to INR302 billion rupees (USD4.2 billion).

As part of the ongoing restructuring, the government has also agreed to transfer INR290 billion rupees (USD4.1 billion) of the carrier's debt to a new special purpose vehicle Air India Asset Holding Company. Air India's total debt stands at around INR550 billion rupees (USD7.7 billion).