Sunday, March 19, 2006

A-I to spend 123 cr and Air India Charter Rs 20 cr as interest in next fiscal

New Delhi: Air-India is expected to spend Rs 123.56 crore in the next fiscal year as interest on advance payments to Boeing company for purchasing 50 aircraft, while its subsidiary Air-India Express would incur an expenditure of about Rs 21 crore on the same count for buying 18 planes from the US manufacturer.
In accordance with the delivery schedule, A-I is expected to incur an expenditure of Rs 123.56 crore in 2006-07 on interest to be capitalised on advance payments to Boeing, the Outcome Budget of 2006-07 and Performance Budget of 2005-06 of the Civil Aviation Ministry, tabled in Parliament, said.
The planes are to be inducted between 2006-07 and 2012-13. Similarly, Air India Charter Limited, which operates A-I Express, would incur an outgo of Rs 20.70 crore in the ensuing fiscal on interest to be capitalised on advance payments to Boeing.
19/03/06 PTI/Mumbai Mirror
To Read the News in full at Source, Click the Headline


Post a Comment