Air India losses pegged at Rs 13,300 crore

Responding to a question on the losses before and after the merger, Civil Aviation Minister Vayalar Ravi said before the merger in 2006-07, the losses reported by erstwhile Air India and Indian Airlines were Rs 447.93 crore and Rs 240.29 crore, respectively.

But the merged entity incurred a loss of Rs 2,226.16 crore during 2007-08.
"The cumulative losses at the close of financial year 2009-10 were Rs 13,326.86 crore," Ravi said.

But, the government has no plans to refer the sick company to the Board for Reconstruction of Public Sector Enterprises (BRPSE), Ravi said in a written reply in Rajya Sabha.

He replied in the negative when asked whether the Government was planning to put Air India under the supervision of BRPSE or whether its financial restructuring plans were being put under the oversight of the Board.

Responding to another question, he said Air India owes Rs 3,050 crore to various agencies as of February 15, 2011, of which dues to Airports Authority of India stands at Rs 720 crore by the end of January 2011.

Ravi  said that Air India has 1,794 pilots, including 56 expats.
He denied suggestions that the expat pilots were being paid more salary than their Indian counterparts.

Narendra Modi or Rahul Gandhi? Who will win the battle royale of the Lok Sabha Elections 2019


Get real-time news updates, views and analysis on Lok Sabha Elections 2019 on Deccanherald.com/news/lok-sabha-elections-2019 


Like us on Facebook or follow us on Twitter and Instagram with #DHPoliticalTheatre for live updates on the Indian general elections 2019.

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry