Air India sees whopping of Rs 43,777 crore

New Delhi: The total debt of cash-strapped Air India, consisting of aircraft and working capital loans, is Rs 43,777 crore and the governnment has infused Rs 3,200 crore equity to help the airline, Civil Aviation Minister Vayalar Ravi said today.
“The total debt of Air India, consisting of aircraft loans and working capital bank loan aggregates Rs 43,777.01 crore. The working capital loan is Rs 21511.10 while the aircraft loan is Rs 21412.06,” Ravi informed Rajya Sabha in a written reply.
Apart from it, the beleaguered national carrier owes Rs 3,777 crore to airport operators, oil marketing companies, other vendors, interest on working capital loan, interest of IDBA aircraft loans and employee’s wage.
The national carrier has registered a loss of Rs 5548.26 crore during 2008-09, Rs 5552.44 crore during 2009-2010 and Rs 6994 crore (provisional) during 2010-11.
24/11/11 PTI/Economic Times

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~ by anand213 on November 25, 2011.

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