(a) the financial position of Air India as on 31 March,
2012;
(b) whether any financial package has been approved/provided
to Air India recently for its revival and improving
financial health; and
(c) if so, the details thereof?
(a) the financial position of Air India as on 31 March,
2012;
(b) whether any financial package has been approved/provided
to Air India recently for its revival and improving
financial health; and
(c) if so, the details thereof?
MINISTER OF CIVIL AVIATION (SHRI AJIT SINGH)
(a), (b) and (c): A Statement is laid on the Table of the
House.
STATEMENT IN REPLY TO PARTS (a), (b) and (c) OF THE LOK
SABHA STARRED () QUESTION NO.296 FOR 25.04.2012 TABLED BY
SHRI WAKCHAURE BHAUSAHEB RAJARAM AND DR. PADMASINHA BAJIRAO
PATIL, MPs REGARDING FINANCIAL PACKAGE FOR AIR INDIA.
(a): As per the provisional estimates for the financial year
2011-12, Air India is likely to incur a loss of Rs.7,853.00
crore.
(b) and (c): The Government has approved the financial
packages for Air India as under:-
(i) Induction of upfront equity of Rs.6,750 Crore, including
Rs.1,200 Crore provided in the budget of 2011-12 and already
released, in FY 2011-12.
(ii) Equity for Cash deficit support of Rs.4,552 crore
till FY 2021:
Year Amount in Rs. Crore
FY 2012-13 1539 FY 2013-14 1055 FY 2014-15 921 FY 2015-16 858 FY 2016-17 156 FY 2017-18 23
Total 4,552
Year Amount in Rs. Crore
FY 2011-12 1786 FY 2012-13 1787 FY 2013-14 1802 FY 2014-15 1817 FY 2015-16 1833 FY 2016-17 2157 FY 2017-18 1861 FY 2018-19 1896 FY 2019-20 2611 FY 2020-21 1379
Total 18,929