INSUBCONTINENT EXCLUSIVE:
Air India is staying afloat on a bailout package extended by previous UPA regime in 2012.The total outstanding of cash-strapped Air India
towards government for VVIP charter flights stands at Rs 1146.86 crore, according to the latest response from the national carrier to an RTI
Ministry has outstanding bills of Rs 211.17 crore, Cabinet Secretariat and PMO Rs 543.18 crore and External Affairs Ministry Rs 392.33
10-year-old, the data furnished by Air India says
In a previous reply furnished in March this year, the total outstanding bills were at Rs 325 crore on January 31 which have now risen to Rs
by Air India, which modifies its commercial jets to suit the needs of the travelling dignitaries
The bills for these aircraft are paid from the exchequer by the Ministry of Defence, the Ministry of External Affairs (MEA), the Prime
Minister's Office (PMO) and the Cabinet Secretariat
considering the significant quantum of pending dues and in the context of government support to AIL for turnaround, more efforts need to be
pending since 2006 but even the CAG observations have not deterred the government to clear them
The debt burden of the national carrier, which is grappling with tough business conditions, is estimated to be more than Rs 50,000 crore
Earlier this year, the government's efforts for strategic disinvestment of debt-laden Air India failed to take off
been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)
