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    HomeNewsBusinessCompaniesAir India losses pegged at Rs 13,300cr

    Air India losses pegged at Rs 13,300cr

    National carrier Air India has incurred a cumulative loss of over Rs 13,300 crore since its merger with Indian Airlines in 2007, Rajya Sabha was informed today.

    March 12, 2011 / 11:56 IST

    National carrier Air India has incurred a cumulative loss of over Rs 13,300 crore since its merger with Indian Airlines in 2007, Rajya Sabha was informed today, reports PTI.


    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.

    first published: Mar 11, 2011 08:52 am

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