(a) the total losses incurred by the Air India during the last three years upto March 2000, year-wise;
(b) whether the case for revival of Air India was never referred to BIFR; and
(c) if so, the reasons therefor?
(a) the total losses incurred by the Air India during the last three years upto March 2000, year-wise;
(b) whether the case for revival of Air India was never referred to BIFR; and
(c) if so, the reasons therefor?
THE MINISTER OF CIVIL AVIATION (SHRI SHARAD YADAV)
(a) Details of losses during last three years are as under:-
1997-98 Rs.181.01 crores. 1998-99 Rs.174.48 crores. 1999-00(Prov) Rs.75.30 crores.(b) and (c) Since Air India`s net worth during last three years has been positive and it has not suffered cash losses during the same period, it does not come within the meaning of `sick industrial company` as defined under the Sick Industrial Companies (Special Provisions) Act,1985. Hence Air India has not been referred to the Board for Industrial and Financial Reconstruction (BIFR).